The 4H trend is exhibiting a strong bearish reversal after a failed breakout. The price initially broke above the 3055 resistance zone but was met with significant selling pressure at the 3099 supply area, resulting in a swift rejection. This price action has now flipped the previous support at 3055 into new, firm resistance.
The trigger for this setup is rooted in the lower timeframes. This aggressive rejection on the 4H chart strongly implies that on the 1H and 15m charts, the RSI has sharply crossed below the 50 level, confirming a decisive shift from bullish to bearish momentum. Any attempt to rally back towards the key 1H EMAs and the 3055 resistance zone is now likely to be viewed as a selling opportunity. Entering a short position now is a high-probability trade, capitalizing on the trapped longs from the failed breakout and the clear bearish momentum indicated by the lower timeframe RSI and price structure.
Actionable Setup Now (SHORT)
Entry: market at 3019
TP1: 2855
TP2: 2725
TP3: 2625
SL: 3130
ETHUSDT
Perp
3,039.27
+0.56%
CLANKERUSDT
Perp
44.55
-0.78%
YALAUSDT
Perp
0.02918
+8.75%