$ETH
USDT โ SHORT Setup ๐ป
Bias: Bearish continuation
Pair: $ETH / USDT (Perpetual)
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๐ Trade Levels
Entry: 2804.47
Stop Loss: 2944.69 (above key liquidity & invalidation)
Take Profits:
TP1: 2692.29
TP2: 2594.13
TP3: 2524.02
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๐ Technical Trend Analysis
HTF Structure: ETH is trading below major resistance with lower highs, signaling distribution.
Mid-TF Momentum: Price rejected from supply zone โ weak bounce โ continuation risk.
EMAs: Price below fast EMAs on intraday timeframes โ sellers in control.
Market Structure: Breakdown + failed reclaim = bearish confirmation.
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๐ฐ Funding Rate Bias
Funding tilted positive / neutral: Indicates crowded longs.
Shorts are not paying aggressively โ room for downside expansion.
Historically, ETH corrects when longs stay heavy near resistance.
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๐ Open Interest (OI) Confirmation
OI rising during consolidation: New positions entering without upside progress.
Suggests late long buildup rather than strong demand.
Any downside push can trigger long liquidations, accelerating the drop.
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๐ Ratio Indicator (ETH/BTC & Long/Short)
ETH/BTC weakening: Capital rotating away from ETH.
Long/Short ratio elevated: Bias still long-heavy โ contrarian bearish edge.
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๐ง Trade Plan & Risk Management
Consider partial profit at TP1, then move SL to breakeven.
Scale out at TP2โTP3 as volatility expands.
Invalidation only if ETH reclaims and holds above SL zone.