🚨 $ETH SHORT SETUP – WATCH THIS SUPPLY ZONE CAREFULLY 🚨
$ETH has rallied back into a major supply zone where sellers previously stepped in with strong momentum. This area could once again become the turning point if bearish pressure continues to build. Price is testing an important resistance region, making this an attractive location to look for a potential short opportunity with a well-defined risk.
📉 Trading Plan – Short $ETH
🔹 Entry: $1,557 – $1,605
🛑 Stop Loss: $1,690
🎯 Take Profit Targets:
• TP1: $1,515
• TP2: $1,460
• TP3: $1,390
The recent recovery has pushed Ethereum back into a key resistance and supply zone that has historically attracted heavy selling. As long as price remains below this area, the probability of a deeper correction remains on the table. The stop loss sits above the local liquidity zone, providing a clear invalidation level while offering a favorable risk-to-reward setup. Always wait for confirmation, manage your risk carefully, and never overleverage.
Keep this $ETH trade on your watchlist and monitor price action closely for the next move.
Keep Buying Below Friends 👇
$ETH has rallied back into a major supply zone where sellers previously stepped in with strong momentum. This area could once again become the turning point if bearish pressure continues to build. Price is testing an important resistance region, making this an attractive location to look for a potential short opportunity with a well-defined risk.
📉 Trading Plan – Short $ETH
🔹 Entry: $1,557 – $1,605
🛑 Stop Loss: $1,690
🎯 Take Profit Targets:
• TP1: $1,515
• TP2: $1,460
• TP3: $1,390
The recent recovery has pushed Ethereum back into a key resistance and supply zone that has historically attracted heavy selling. As long as price remains below this area, the probability of a deeper correction remains on the table. The stop loss sits above the local liquidity zone, providing a clear invalidation level while offering a favorable risk-to-reward setup. Always wait for confirmation, manage your risk carefully, and never overleverage.
Keep this $ETH trade on your watchlist and monitor price action closely for the next move.
Keep Buying Below Friends 👇