$ETH REACHES SUPPLY ZONE – SHORT SETUP IN PLAY 🔥
Entry: 1662 - 1712 🔥
Target: 1620 🚀
Stop Loss: 1800 ⚠️
Price has recovered into a zone that held as resistance twice last week. The structure still looks corrective — each leg up has lower momentum compared to the prior move. If this supply holds, sellers will likely chase the liquidity sitting below 1,550.
Volume is declining on the hourly, which suggests buyers aren't stepping in aggressively at these levels. The risk-to-reward on the first target is solid for a quick rotation. Are you looking to short here or waiting for a confirmation wick?
Not financial advice. Always manage your risk.
#ETH #ShortSetup #SupplyZone #CryptoTrading
🔥
Entry: 1662 - 1712 🔥
Target: 1620 🚀
Stop Loss: 1800 ⚠️
Price has recovered into a zone that held as resistance twice last week. The structure still looks corrective — each leg up has lower momentum compared to the prior move. If this supply holds, sellers will likely chase the liquidity sitting below 1,550.
Volume is declining on the hourly, which suggests buyers aren't stepping in aggressively at these levels. The risk-to-reward on the first target is solid for a quick rotation. Are you looking to short here or waiting for a confirmation wick?
Not financial advice. Always manage your risk.
#ETH #ShortSetup #SupplyZone #CryptoTrading
🔥