$ETH The move down is not the setup. The bounce into resistance is.
SHORT $ETH
One thing I have learned from trading fast markets: a bearish chart does not mean every price is a good short.
$ETH is trading below the 7, 25 and 99 EMA on the 15m chart, with Supertrend still above price. The recent rejection from 2,566.40 also keeps the short-term structure under pressure.
But price is now close to 2,483.81 support.
I would rather let ETH bounce into the resistance cluster and see whether sellers defend it again.
Entry: 2,505-2,520
Trigger: 15m rejection from the zone + move back below 2,505
SL: 2,546
TP1: 2,454.02
TP2: 2,431.00
TP3: 2,424.23
R:R: ~1.54R to TP1, ~2.14R to TP2, ~2.32R to TP3
Invalid above 2,546.
The lesson here is simple: when price is already sitting near support, patience can give you a much better short than pressing the button immediately.
Would you short the rejection or wait for ETH to break support first?
⇢ Click here to Trade 👇️
SHORT $ETH
One thing I have learned from trading fast markets: a bearish chart does not mean every price is a good short.
$ETH is trading below the 7, 25 and 99 EMA on the 15m chart, with Supertrend still above price. The recent rejection from 2,566.40 also keeps the short-term structure under pressure.
But price is now close to 2,483.81 support.
I would rather let ETH bounce into the resistance cluster and see whether sellers defend it again.
Entry: 2,505-2,520
Trigger: 15m rejection from the zone + move back below 2,505
SL: 2,546
TP1: 2,454.02
TP2: 2,431.00
TP3: 2,424.23
R:R: ~1.54R to TP1, ~2.14R to TP2, ~2.32R to TP3
Invalid above 2,546.
The lesson here is simple: when price is already sitting near support, patience can give you a much better short than pressing the button immediately.
Would you short the rejection or wait for ETH to break support first?
⇢ Click here to Trade 👇️
