$ETH : Short Setup
ETH is bouncing after a heavy-volume sell-off to the 2,003 area, but it is still trading below the 1H MA9 in a short-term downtrend. I'm not chasing the bounce. I'm waiting for a pullback into resistance to short the weakness.
Entry: 2,060 – 2,075 (on rejection)
Stop-loss: 2,100
- TP1: 2,030
- TP2: 2,005
- TP3: 1,985
Reason: Price is below the 1H MA9 (about 2,054), the 2,060–2,095 zone is where the sell-off started, RSI is 34.7 (weak momentum), and both the 7-day and 30-day performance are negative.
📰 Macro note: No ETH-specific news today. The Fed held rates at 3.75–4% on Oct 28, and markets were pricing a likely hike at the December meeting, which keeps risk assets under pressure.
A 1H close above 2,100 invalidates this idea and I will step aside.
Personal view, not financial advice. DYOR.
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