$ETH is trading back into a critical supply zone where bearish pressure could return. If this resistance holds, it may provide another high-probability short setup.
Trading Plan – Short $ETH
Entry: 1,680 – 1,750
SL: 1,800
TP1: 1,640
TP2: 1,530
TP3: 1,450
The recent rally has carried price back into a strong resistance area that has previously attracted aggressive selling. The overall market structure remains bearish, and unless buyers can reclaim and hold above this zone, the current bounce is likely to remain corrective. A rejection here could trigger another sharp move lower, targeting the liquidity resting beneath recent swing lows.
Stay patient, follow your risk management plan, and wait for confirmation before entering the trade.
DYOR (Do Your Own Research).
Trading Plan – Short $ETH
Entry: 1,680 – 1,750
SL: 1,800
TP1: 1,640
TP2: 1,530
TP3: 1,450
The recent rally has carried price back into a strong resistance area that has previously attracted aggressive selling. The overall market structure remains bearish, and unless buyers can reclaim and hold above this zone, the current bounce is likely to remain corrective. A rejection here could trigger another sharp move lower, targeting the liquidity resting beneath recent swing lows.
Stay patient, follow your risk management plan, and wait for confirmation before entering the trade.
DYOR (Do Your Own Research).