Range-bound ETH can snap lower fast.

🔴 SHORT $ETH /USDT: expecting price to go DOWN
Bias: SHORT · Leaning

Entry: 2396.14 – 2399.88
TP1: 2367.52 (-1.3%)
TP2: 2347.19 (-2.1%)
TP3: 2316.70 (-3.4%)
SL: 2438.66 (+1.7%)
Plan: enter only inside the zone, close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Note: moderate conviction only, keep size light.

Why SHORT? 4/12 signals agree, 0 against.
• 4h trend down (below EMA50 & EMA200)
• 1h trend down (below EMA50 & EMA200)
• BTC is falling, this coin follows (corr 0.94)

If it plays out:
If the 4h bearish stack holds, price should slide toward the entry low. The 1h RSI below 45 confirms sellers keep momentum.

If it fails:
If daily range breaks and price reclaims the EMA50, the setup fails and I would close the short.

Where would you place your invalidation level?

Chart with every level below.

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⚠️ Personal market analysis only. NFA — manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.