ETH-USDT // 15 Min // Technical analysis // Short Setup
I’m looking at a clean short opportunity on ETHUSDT. Price has been respecting this ascending channel for the past few days, bouncing perfectly between support and resistance.
Right now, it just tapped the top of the channel and showed signs of rejection. That’s where I’m planning to take the entry.
🟢 Entry: 2696.26
🎯 Target: 2580.27
🔴 Stop Loss: 2743.38
💥 RR: Around 2.4R
I’m expecting a pullback towards the lower channel line, where price has reacted multiple times before. If the channel continues to hold, this could play out nicely.
Not using any fancy SMC here — just basic structure, momentum, and clean price action. Let’s see how it goes 🤞
📌 Always trade with proper risk management. This is just my view, not financial advice.
Right now, it just tapped the top of the channel and showed signs of rejection. That’s where I’m planning to take the entry.
🟢 Entry: 2696.26
🎯 Target: 2580.27
🔴 Stop Loss: 2743.38
💥 RR: Around 2.4R
I’m expecting a pullback towards the lower channel line, where price has reacted multiple times before. If the channel continues to hold, this could play out nicely.
Not using any fancy SMC here — just basic structure, momentum, and clean price action. Let’s see how it goes 🤞
📌 Always trade with proper risk management. This is just my view, not financial advice.
Trade active
Take direct entry @2690Trade closed: target reached
Target reached... 2.4 RR achieved successfully.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.