⚖️ ETH 4H: NO TRADE after the 23:00 close
⠀
📉 Trend: ETH closed at 2234.43, below EMA20 (2264.6), EMA50 (2285.3, falling) and EMA200 (2378.1). The bias is bearish, so a long is blocked by the trend filter.
⠀
🧱 Why no short: the lower high at 2250.6 has been tested 7 times in 200 bars, so it is a worn level, not a clean one. A stop above it gives a first target at 2218.8 of only about 0.5R after costs. Our rule needs at least 1.5R.
⠀
🔎 Scan: 22 Binance USDT-M pairs checked on closed 4H bars. 21 are in a downtrend and 1 is mixed (ARB). None passed both the 1.5R/2R target gates and the weak-level filter.
⠀
🎯 What would change it: a 4H close above 2265 (EMA20) would open a test of 2285. A 4H close below 2218.8 would open 2173. We act only after a confirmed close.
⠀
Not financial advice. DYOR.
⠀
$ETH $BTC
#ETH #TechnicalAnalysis #NoTrade #BinanceSquare
⠀
📉 Trend: ETH closed at 2234.43, below EMA20 (2264.6), EMA50 (2285.3, falling) and EMA200 (2378.1). The bias is bearish, so a long is blocked by the trend filter.
⠀
🧱 Why no short: the lower high at 2250.6 has been tested 7 times in 200 bars, so it is a worn level, not a clean one. A stop above it gives a first target at 2218.8 of only about 0.5R after costs. Our rule needs at least 1.5R.
⠀
🔎 Scan: 22 Binance USDT-M pairs checked on closed 4H bars. 21 are in a downtrend and 1 is mixed (ARB). None passed both the 1.5R/2R target gates and the weak-level filter.
⠀
🎯 What would change it: a 4H close above 2265 (EMA20) would open a test of 2285. A 4H close below 2218.8 would open 2173. We act only after a confirmed close.
⠀
Not financial advice. DYOR.
⠀
$ETH $BTC
#ETH #TechnicalAnalysis #NoTrade #BinanceSquare
