Rejection building below resistance… short-term weakness taking control.
$ETH /USDT – SHORT
Trade Plan
Entry: $2,300 – $2,350
SL: $2,430
TP1: $2,252
TP2: $2,180
TP3: $2,080 (if breakdown expands)
Why This Setup?
4H Structure: ETH is struggling to push above $2,423 resistance and starting to form lower highs — early signal of bearish pressure building on lower timeframes.
Price Positioning: Currently trading below resistance and unable to reclaim higher levels. Any bounce toward $2,350–$2,420 zone is likely to face selling pressure.
Daily Context: Higher timeframe still lacks strong continuation. Without a clean breakout above resistance, this leans toward a corrective move rather than trend continuation.
Volume Behavior: Upside moves are showing weaker follow-through, indicating buyers are losing momentum — possible distribution phase near resistance.
Key Levels: $2,252 is immediate support. A break below this opens downside toward $2,180 and deeper liquidity zones.
As long as $2,423 is not reclaimed, short-term bearish pressure remains intact.
Debate:
Is this just a pullback before another push toward $2,400+…
Or the start of a deeper correction from resistance?
Trade
$ETH here 👇
#HadiaBTC