$ETH
ETH/USDT 15M — June 18
Price : 1672
Fell hard from 1752 today. Every bounce got sold. MAs all above price still pointing down. MACD bleeding. RSI at 13 which is extremely rare.
Bounce is coming but this is still a sellers market.
My plan is simple. Wait for price to bounce towards 1685 to 1690 zone then short it.
Short Setup Entry 1685 to 1690 TP1 1671 TP2 1657 TP3 1640 SL above 1703
If somehow 1671 breaks and holds as support with strong buying volume then only consider long.
Long Setup Entry 1671 confirmed TP1 1685 TP2 1703 SL below 1657
Right now chart is bearish. Bounce will come but bears are still in control. Short the bounce not the bottom.
Trade safe. manage risk always.
#ETH #FedHawkishDotPlotFlattensYieldCurve #FedHoldsRatesAt3.5%-3.75%
ETHUSDT
Perp
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