🚨ETH's Pivotal Moment: Trading the 4H Chart Like a Sniper🚨
The 4H ETH chart reveals a critical juncture - that sharp rejection at $1,838 with an overbought RSI (74.9) and weakening MACD suggests exhaustion. But here's how to turn this volatility into opportunity through surgical precision trading.
Our strategy combines technical awareness with disciplined execution:
1) The Resistance Play
- That $1,830-$1,838 zone just showed its teeth with a clear rejection
- Place limit sell orders at $1,828 (just below the high) to catch potential reversal
- Only invalidated if we see a strong 4H close above $1,850
2) The Support Ladder
- First buy zone at $1,719 (previous swing high turned support)
- Second tier at $1,700 (psychological level + 25MA confluence)
- Final safety net at $1,653 (make-or-break level)
3) The Volume Truth
- Notice how selling volume spiked at the top? That's your confirmation
- Wait for buying volume to confirm at support levels before adding
4) The MACD Tell
- That shrinking histogram? It's whispering "caution"
- Only add to positions when MACD shows renewed momentum at supports
The magic happens when you:
- Allocate 40% at $1,719
- 30% more at $1,700
- Keep 30% powder dry for $1,653
This isn't gambling - it's probability trading. Each level represents where big money either defends or surrenders. You're not predicting, you're positioning.
(Set your orders, then step back. Let the market prove you right.)
