🔴 $ETH - SHORT
Trade Plan: Current Price: ~1,658
Entry Zone: 1,682 - 1,732
SL: 1,762
TP1: 1,588
TP2: 1,518
TP3: 1,428
The chart displays a sharp rejection exactly at the 1,732 resistance where the descending trendline meets the 0.618 Fib level. A bearish engulfing candle formed inside our Entry Zone 1,682-1,732, confirming seller dominance. Momentum divergence and declining volume on the bounce strengthen the short bias. SL at 1,762 sits safely above the trendline and recent high. Targets step down to liquidity pools at TP1 1,588, TP2 1,518, and the deeper support at TP3 1,428. This technically clean short offers strong risk-reward as ETH continues lagging BTC.
Will ETH respect the descending trendline or fake out one more time? What’s your bias? 👇
DYOR & manage risk!
$ETH
Trade Plan: Current Price: ~1,658
Entry Zone: 1,682 - 1,732
SL: 1,762
TP1: 1,588
TP2: 1,518
TP3: 1,428
The chart displays a sharp rejection exactly at the 1,732 resistance where the descending trendline meets the 0.618 Fib level. A bearish engulfing candle formed inside our Entry Zone 1,682-1,732, confirming seller dominance. Momentum divergence and declining volume on the bounce strengthen the short bias. SL at 1,762 sits safely above the trendline and recent high. Targets step down to liquidity pools at TP1 1,588, TP2 1,518, and the deeper support at TP3 1,428. This technically clean short offers strong risk-reward as ETH continues lagging BTC.
Will ETH respect the descending trendline or fake out one more time? What’s your bias? 👇
DYOR & manage risk!
$ETH