📉 $ETH 1H: WAITING SHORT on a bounce into resistance
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📊 State: Downtrend. Price 2,058 is below the 1H EMA50 (2,094) and EMA200 (2,188), and the 4H EMAs point down too. Since the 2,006 low, price has been chopping between 2,042 and 2,073.
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🎯 Activation: a 1H candle wicks into 2,085–2,095 (EMA50 zone) and closes back below 2,085. Entry 2,085, only after that close.
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🛑 Stop 2,114.7 (swing high 2,109.09 + 0.3×ATR 18.6). Risk 29.7.
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✅ TP1 2,040 = 1.5R (≈1.44R net)
✅ TP2 2,010 = 2.5R (≈2.45R net)
Net assumes ~0.1% round-trip taker fees, before slippage.
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⚖️ Size = (1% of account) ÷ 29.7 per ETH. Confidence: medium. Cancel if a 1H candle closes below 2,040 first (no chasing), or after 24h (Nov 12, 13:00 Riyadh).
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Not financial advice. DYOR.
#Ethereum #TechnicalAnalysis #CryptoTrading #BinanceSquare
⠀
📊 State: Downtrend. Price 2,058 is below the 1H EMA50 (2,094) and EMA200 (2,188), and the 4H EMAs point down too. Since the 2,006 low, price has been chopping between 2,042 and 2,073.
⠀
🎯 Activation: a 1H candle wicks into 2,085–2,095 (EMA50 zone) and closes back below 2,085. Entry 2,085, only after that close.
⠀
🛑 Stop 2,114.7 (swing high 2,109.09 + 0.3×ATR 18.6). Risk 29.7.
⠀
✅ TP1 2,040 = 1.5R (≈1.44R net)
✅ TP2 2,010 = 2.5R (≈2.45R net)
Net assumes ~0.1% round-trip taker fees, before slippage.
⠀
⚖️ Size = (1% of account) ÷ 29.7 per ETH. Confidence: medium. Cancel if a 1H candle closes below 2,040 first (no chasing), or after 24h (Nov 12, 13:00 Riyadh).
⠀
Not financial advice. DYOR.
#Ethereum #TechnicalAnalysis #CryptoTrading #BinanceSquare
