🔴 ETHUSDT — FUTURES SHORT
Entry Zone: $2365-$2375
Stop Loss: $2395
TP1: $2335
TP2: $2315
TP3: $2295
R:R: 1:1.40 to TP1, 1:2.20 to TP2, 1:3.00 to TP3 (midpoint $2370)
Timeframe: 4H
ETH has come back to the same ceiling again and been turned away again, and that is exactly the kind of trade I like to take from the short side.
Why I like this one: after the last ETH short completed its targets, price bounced back up to $2373 and then $2380 in the latest 4H candles and closed well below both highs, at $2328. That is a fresh rejection at the same $2365-$2392 resistance zone that turned price away before, not just price sitting near a high. This is a conditional setup awaiting a retest of $2365-$2375 — I am not chasing it here at about $2328, I am waiting for price to come back up to that rejection zone. If it gets there and fails again, the path back toward $2335, then $2315 and $2295, opens up with good reward against the risk.
Invalidation: a 4H close above $2395 breaks the rejection pattern and cancels this idea — do not hold a losing short hoping it turns around.
Analysis Only — Not Financial Advice (NFA). Trading involves risk.
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#ETH #ETHUSDT #Ethereum #CryptoTrading #FuturesTrading
Entry Zone: $2365-$2375
Stop Loss: $2395
TP1: $2335
TP2: $2315
TP3: $2295
R:R: 1:1.40 to TP1, 1:2.20 to TP2, 1:3.00 to TP3 (midpoint $2370)
Timeframe: 4H
ETH has come back to the same ceiling again and been turned away again, and that is exactly the kind of trade I like to take from the short side.
Why I like this one: after the last ETH short completed its targets, price bounced back up to $2373 and then $2380 in the latest 4H candles and closed well below both highs, at $2328. That is a fresh rejection at the same $2365-$2392 resistance zone that turned price away before, not just price sitting near a high. This is a conditional setup awaiting a retest of $2365-$2375 — I am not chasing it here at about $2328, I am waiting for price to come back up to that rejection zone. If it gets there and fails again, the path back toward $2335, then $2315 and $2295, opens up with good reward against the risk.
Invalidation: a 4H close above $2395 breaks the rejection pattern and cancels this idea — do not hold a losing short hoping it turns around.
Analysis Only — Not Financial Advice (NFA). Trading involves risk.
Follow Profit Direction for more signals, best signals and market updates. Share your opinion in the comments.
#ETH #ETHUSDT #Ethereum #CryptoTrading #FuturesTrading
