Ethereum short setup based on 4 hour time frame
Price below 7 EMA and 25 EMA
MACD bearish crossover (DIF < DEA, MACD negative)
Volume decreasing
Recent high: $2,788.00
Support around $2,387.92
š½ Short Setup (Scalping)
Entry (Short): $2,610
Stop Loss: $2,645 (above the 25 EMA and recent consolidation)
Take Profit 1: $2,525 (near previous support and EMA(99))
Take Profit 2: $2,460 (next support zone)
š Notes:
Risk-to-reward is favorable (~1:2+).
Use tight stop due to high volatility.
Risk management is the key
Always use 1% of your capital while trading
DYOR
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