$ETH IS REJECTING KEY RESISTANCE AT 1,654 — SHORT SETUP IN PLAY 🔥
Entry: 1,642 – 1,650 🔥
Target: 1,620 / 1,595 / 1,565 🚀
Stop Loss: 1,687 ⚠️
Price is testing a structural resistance zone near 1,654 where supply previously overwhelmed bids. The 4H chart shows a clear break of structure to the downside after the last rejection — and volume is declining on the bounce, suggesting buyers are losing momentum.
The first target at 1,620 sits just below the last swing low, making it a high-probability liquidity grab. Are you shorting this level or waiting for a lower high to form?
Not financial advice. Always manage your risk.
#ETH #ShortSetup #Resistance #Crypto #TechnicalAnalysis
🔥
Entry: 1,642 – 1,650 🔥
Target: 1,620 / 1,595 / 1,565 🚀
Stop Loss: 1,687 ⚠️
Price is testing a structural resistance zone near 1,654 where supply previously overwhelmed bids. The 4H chart shows a clear break of structure to the downside after the last rejection — and volume is declining on the bounce, suggesting buyers are losing momentum.
The first target at 1,620 sits just below the last swing low, making it a high-probability liquidity grab. Are you shorting this level or waiting for a lower high to form?
Not financial advice. Always manage your risk.
#ETH #ShortSetup #Resistance #Crypto #TechnicalAnalysis
🔥