📊 Trade Setup: $ETH – Correction After Overextended Rally

ETH hit 3,239 and is retreating from the 1H Bollinger upper band. 1H MACD shows decreasing momentum and RSI trending down.

🔻 Short Entry: 3,185 – 3,215

🎯 Take-Profit Targets:

TP1: 3,120 (1H EMA50 zone)

TP2: 3,030 – 3,070 (4H EMA50 + mid-band)

🛑 Stop-Loss: ❌ 3,260 (above last local high)

Risk:Reward: ~1:2

⚠️ Risk Factors

ETH can lag or follow BTC with delay—monitor correlations.

Break above 3,260 cancels short setup.

#ETH #cryptotrading #BinanceFutures #TechnicalAnalysis #BinanceSquare