• Entry: 2,485 – 2,510
• Stop-loss (STL): 2,535 (cut loss if the price breaks above the Kumo cloud + closes a candle above the volume distribution area)
• Take-profit (TP):
• TP1: 2,420
• TP2: 2,370
• TP3: 2,310
(gradually take profit according to volume support and old lows)
⛔ Note: This is a technical short order following the downtrend, as ETH has just made a slight retracement after a strong dump but has not confirmed a reversal. Volume model, Ichimoku, and MACD all support a trend-following short position.
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🔎 Explanation of the suggested order:
1. Ichimoku:
• The price of ETHUSDT is currently below the red Kumo cloud and is testing the weak cloud bottom → nearby resistance.
• The forward cloud is red and sloping down → the downtrend is still maintained.
• The price has just made a technical retracement, not surpassing Tenkan + Kumo cloud → prioritize maintaining a short-term bearish view.
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2. Volume Profile & Delta:
• There are 2 strong negative delta clusters:
• -177.996K and -141.083K → indicate that selling power dominates completely in the recent downtrend.
• A large volume cluster accumulated at the 2,500 – 2,540 area has been broken by a long red candle → this area now plays a strong supply zone role.
• The current area is retracing but with weak volume, no clear buying force → easily rejected at resistance.
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3. MACD:
• MACD is below the signal line, the histogram is still negative but shrinking → indicates that selling pressure is temporarily decreasing but there are no signs of a reversal.
• Need a few more candles to confirm if the histogram turns green before considering a long position; currently, it is still a bounce in a downtrend.
• A suitable view to short for the next wave if rejected in the cloud area.
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📌 Conclusion:
ETHUSDT is technically retracing after a strong dump, but all technical indicators suggest that this is not yet a clear reversal point. Ichimoku cloud, volume profile, and MACD agree that the area 2,500 – 2,510 is a strong resistance. A short order in this area is a trend-following strategy, aligning with the main selling force, low risk – good R:R.
