$ETH — SHORT (rejection play)
Trade Plan:
Entry: 1945 – 1960
SL: 1985
TP1: 1915
TP2: 1885
TP3: 1840
Why this setup?
ETH broke structure with a sharp drop to 1922 and is now retracing into the MA cluster + prior breakdown area. Volume on the dump was stronger than on the bounce — signaling sellers still dominate. Unless ETH reclaims 1980+, rallies are likely to be sold.
Debate:
Is this just a liquidity sweep before ETH resumes uptrend…
or the first warning of a deeper correction?
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ETHUSDT
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1,968.35
+1.07%