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$ETH Strategy: The Breakdown Fade
The "markup phase" has officially ended. I am sniping the retest of the broken structure to ride the momentum toward the weekly demand zone.
Short Entry: $2,360 – $2,420 (Retest of the broken horizontal support)
TP1: $2,270 (Structural pivot low)
TP2: $2,200 (Psychological support / 200-day EMA confluence)
TP3: $2,120 (Primary liquidity pool / Cycle reset)
Stop Loss: $2,480 (Hard exit above the rejection wick)
Trade Logic:
ETH failed to hold the $2,300 level today, confirming that the sellers are in total control. The RSI on the 4H is currently at 35 and dipping, suggesting there is plenty of room for a further flush. I am looking for a weak relief bounce into the $2,360 area to "sell the rip," targeting the $2,200 region where we expect a major fight between bulls and bears.
#ETH #Ethereum #TalhaSniper #BinanceSquare #smartmoney