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Ethereum is showing clear bearish structure on the 1h timeframe, and I'm keeping a short bias as long as price stays below that key resistance zone.
Here's the setup I'm watching:
Entry zone: 2218 - 2223
Targets: TP1 at 2204, TP2 at 2193, TP3 at 2176
Stop loss: 2243
Why I like this setup:
The 1h trend is still forming lower highs, and the recent bounce got rejected right near a previous support level that has now flipped into resistance. That's a textbook short opportunity.
I want to enter within that resistance zone and ride the move down toward the next pockets of liquidity below.
Not financial advice, just how I'm reading the structure right now. Keep your risk tight and manage accordingly.
What's your take on ETH here?
Penafian: Konten OKX Orbit ini hanya disediakan untuk tujuan informasi. Selengkapnya
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