ETH is trading in the lower half of the active range, and price action is still testing conviction on lower timeframes. Momentum is still mixed and not fully one-sided. Structure currently reads DOWN/DOWN/DOWN, with broader bias around BEARISH. My view favors a rejection-based short plan while structure keeps printing weaker rebounds. Execution should stay disciplined. Setup quality is LOW. Current RR is around 1.56. Chasing pressure is 0%.
📌 ETH | SHORT SETUP 📉
Trade Plan:
🎯 Entry: 2312.27 - 2317.29
🛑 SL: 2338.79
✅ TP1: 2300.06
✅ TP2: 2270.90
✅ TP3: 2252.44
Why this setup?
- 4H and 1H are aligned bearish.
- 1H is pulling back into a sell continuation zone (EMA20/Fib).
- 15M is also pulling back into a continuation entry zone.
- 15M squeeze while still below EMA20.
- RSI remains in a bearish regime.
📊 Bias Confidence: 75% | Execution Confidence: 85% | RR: 1.56 | Setup Quality: LOW
Trade responsibly; crypto markets are volatile and past performance is not indicative of future results.
⚠️ Personal view only. Manage risk and position size before entry.