📊 Trade Setup: $ETH — Short on Resistance Rejection (1H/4H)
ETH remains under the 100/50 EMAs on 4H and recent bounce stalled at the 1H/4H midline. Momentum is weakening (MACD turning down); candidate for a short on failed reclaim.
🔻 Short Entry (on weak rejection): 3,200–3,230 USDT (into the failed reclaim / BB mid)
🎯 Take-Profit Targets:
TP1: 3,120–3,100 USDT — 1H support & lower BB proximity
TP2: 3,070–3,050 USDT — swing low area / deeper liquidity
🛑 Stop-Loss: ❌ 3,260–3,280 USDT (above short-term MA cluster; invalidates rejection)
Risk:Reward ~ 1:2
⚠️ Risk Factors: ETH’s correlation with BTC: strong BTC strength will invalidate.
Quick intraday reversals possible — keep tight stops.
