ETH 🔻The price just experienced a strong rejection upon touching the EMA 99 — long upper candle, brutal wick rejection.
Nice, the momentum of the false breakout is still fresh. Execution Summary: • Entry: 1.785 • SL: 1.792 • TP Gradual: • TP1: 1.774 • TP2: 1.765 • TP3: 1.750 (previous low)
Monitor the 15m candle at 02:15 and 02:30 — if it starts turning red and volume weakens, the position is safe to hold. But if the green candle continues and breaks 1.792, just cut loss quickly.
BTC Price Tests Supply Zone 94,400–94,800 (EMA20–50) • BTC bounces from 92,848.1 (local support) • Now entering the red zone EMA 20 (94,748) & EMA 50 (94,670) • This zone is very important because: • This is where BTC has been rejected several times • If it breaks through and closes 4 hours above
if it closes stable above the price 94,900 the white line EMA 99 the downtrend is likely broken
🚨ETH Wait for BTC • BTC is testing its supply area at 94,800–95,000 • If BTC breaks through, ETH could rise to re-test 1,785–1,800 • But if BTC rejects and drops → ETH will plummet, short target could be 1,720 then 1,680
Plan: • Ideal short: wait for ETH to rise and re-test the supply zone 1,788–1,805 • Look for BTC rejection confirmation at 94,800–95,000 • If both reject → go short ETH • SL = 1,812 • TP1 = 1,720, TP2 = 1,680, max TP = 1,630 (if BTC also breaks down)
Additional Confirmation: If it appears: • Bearish engulfing or pin bar in the supply zone • Volume increasing but candle stagnant Immediately go short.
MACD: Just positive, but starting to curve → potential fake uptrend. RSI(6): 25.85 → oversold, but still under bearish pressure. Stoch RSI: Sharp drop from above → distribution signal
eNd99
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Bearish
🚨Will Eth cross down ema 99 200 in 30 minutes 🛬 land at base 1742 #BinanceAlphaAlert #Ethereum #bitcoin #BearishAlert