ETHUSD 1H — Short Opportunity After Channel Break
ETHUSD
Price is trading inside a broad descending structure, and the recent move appears corrective, forming a rising channel. This type of structure often represents distribution before continuation lower.
A sweep into the 3,250–3,320 supply zone aligns with previous imbalance and trendline rejection. If the price rejects this zone with momentum, the bearish continuation setup becomes valid.
Key Scenarios
❌ Bearish Case (Primary Setup) 📉
Ideal Entry: 3,250–3,320 Zone (Supply)
→ 🎯 Target: 2,700–2,650 (Liquidity Sweep + Demand Zone)
→ 🛑 Stop Loss: Above 3,380
Confirmation triggers:
• Break of rising channel
• Bearish engulfing candle
• Wick rejection into the zone
Levels to Watch
Type Price
Short Entry 📍 3,250–3,320
Target 🎯 2,650–2,700
Stoploss ❌ 3,380
Invalid if Broken Trendline + Structure Flip
⚠️ This analysis is for educational purposes only — not investment advice.
source https://www.tradingview.com/chart/ETHUSD/WDPbWpnf-ETHUSD-1H-Short-Opportunity-After-Channel-Break/
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