$ETH trading at 2,151 and pressing directly into the daily EMA50 ceiling after a clean recovery from 1,936
trade plan: short $ETH
entry: 2,145 to 2,167
stop loss: 2,195
targets
tp1: 2,066
tp2: 1,985
tp3: 1,936
move sl to entry after tp1.
click 👇 and short $ETH
Daily at 2,152 is pressing right into EMA50 at 2,159 which has been acting as resistance throughout this entire downtrend, OBV remains deeply negative at minus 86 million and despite SAR flipping below price the macro structure of lower highs is still intact. H4 cleared all three EMAs and SAR sits below at 2,077 giving the bounce structure, but StochRSI is pinned at 100 with price at the 24h high meaning this leg is completely exhausted with no room left. H1 already confirmed the fade with SAR flipping above price at 2,107 and current price at 2,151 sitting right at the H1 BOLL upper band at 2,159, exactly where this entry zone is anchored against the daily EMA50 confluence. Main risk is daily SAR already flipped bullish and if ETH closes above 2,167 on the daily it opens the door toward 2,283 before sellers return.
risk max 1-2%