Timeframe: 1H (1 Hour)
Trade Type: Short Sell
Entry Point:
Sell at: 1,600 USD
Stop Loss: 1,628 USD
Take Profit Targets:
TP1: 1,479 USD
TP2: 1,476 USD (strong support zone)
🔍 Technical Analysis:
ETH has broken its ascending trendline (black diagonal line) and is now consolidating below the EMA 33.
The current price structure shows weakening bullish momentum around the 1,600 USD zone.
The 1,595 – 1,600 USD region is a dynamic resistance, overlapping with EMA 20 and 33 – high probability of reversal.
The take-profit zone around 1,479 USD is a strong previous support where ETH previously rebounded.
📊 Trade Setup:
Parameter Price (USD)
Entry 1,600
Stop Loss 1,628
Take Profit 1 1,479
Take Profit 2 1,476
📈 Risk-to-Reward Ratio: Approximately 1:3 – favorable setup.
📌 Additional Notes:
If ETH breaks above 1,600 USD with strong buying momentum and holds above the EMAs, re-evaluation is recommended.
Consider scaling out partial profits at TP1 & TP2 to manage risk better.
Best suited for short-term traders (scalping/swing within hours to a few days).
🧠 This strategy is recommended for experienced traders. Always follow your stop-loss and trade with discipline.
Trade Type: Short Sell
Entry Point:
Sell at: 1,600 USD
Stop Loss: 1,628 USD
Take Profit Targets:
TP1: 1,479 USD
TP2: 1,476 USD (strong support zone)
🔍 Technical Analysis:
ETH has broken its ascending trendline (black diagonal line) and is now consolidating below the EMA 33.
The current price structure shows weakening bullish momentum around the 1,600 USD zone.
The 1,595 – 1,600 USD region is a dynamic resistance, overlapping with EMA 20 and 33 – high probability of reversal.
The take-profit zone around 1,479 USD is a strong previous support where ETH previously rebounded.
📊 Trade Setup:
Parameter Price (USD)
Entry 1,600
Stop Loss 1,628
Take Profit 1 1,479
Take Profit 2 1,476
📈 Risk-to-Reward Ratio: Approximately 1:3 – favorable setup.
📌 Additional Notes:
If ETH breaks above 1,600 USD with strong buying momentum and holds above the EMAs, re-evaluation is recommended.
Consider scaling out partial profits at TP1 & TP2 to manage risk better.
Best suited for short-term traders (scalping/swing within hours to a few days).
🧠 This strategy is recommended for experienced traders. Always follow your stop-loss and trade with discipline.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.