$ETH Today's Pro Trading Plan: ETH/USDT - May 17, 2025

1. Primary Bias & Setup:

Short bias within a bearish continuation pattern. Price rejected from the 20MA ($2,577.88) and broke below the intraday range. Focus on intraday scalps targeting downside liquidity.

2. Entry Zone:

Optimal short entry at $2,490–2,510 (test of prior support turned resistance). Confluence with 20MA rejection and high-volume node near $2,504.

3. Stop Loss Placement:

SL above $2,530 (daily high + structure break). Invalidation confirmed if price reclaims 20MA with volume.

4. Risk/Reward Ratio:

R:R 1:3 (30 pips risk, 90 pips reward).

5. Profit Targets:

• Target 1: $2,450 (24h low)

• Target 2: $2,420 (liquidity pool)

• Target 3: $2,380 (swing low extension)

6. Market Sentiment:

Weak momentum (negative delta volume, MACD bearish cross). Retail longs trapped above $2,510; liquidation clusters at $2,450.

7. Invalidation Plan & Contingency Setup:

If SL hit, pivot to long above $2,530 targeting $2,580 (20MA retest) with SL at $2,490.

Execution: Monitor 15m closes below $2,490 for acceleration. Adapt to volume spikes.