$ETH #MyWeekendTradingPlan Based on the Multi-timeframe charts, Here is the professional analysis and trade plan.

4H Chart - Identify Direction (Trend)
· Primary Trend: Bearish. Price has made a significant lower high (LH) and lower low (LL) structure from the ~$3,045 high. The sharp -9.5% move is a clear downtrend.
· Key Observation: Price is trading below the 4H Bollinger Band basis line (BOLL: ~2,470.50), confirming bearish momentum. The 24h Low ($2,241.91) is a critical macro level.
· Directional Bias: DOWN. Until price reclaims and holds above a significant 4H structure high (e.g., $2,630 - $2,698), the path of least resistance is south.
1H Chart - Identify Liquidity (High & Low)
· Liquidity Pools (Recent Swing Highs/Lows):
· Sell-Side Liquidity (Highs): $2,711.23** and **$2,764.94 are the recent clear swing highs. These are likely stops for trapped longs and targets for potential corrective rallies.
· Buy-Side Liquidity (Lows): $2,241.91** (24h Low) is the major pool below. The recent consolidation low at **$2,359.74 is immediate buy-side liquidity.
· Current Context: Price is trading between the 1H Bollinger Bands (~$2,310.39 - ~$2,630.60), having rejected the lower band. The nearest liquidity to take is below $2,359.74** and ultimately **$2,241.91.
15M Chart - Identify Break of Structure (BOS) / Change of Character (CHOCH)
· Market Structure: Micro structure is bearish but shows signs of consolidation between ~$2,421 and ~$2,476.
· Key Levels for BOS/CHOCH:
· Bearish BOS Confirmation: A clean break and close below $2,421.06 would indicate a resumption of the downtrend, targeting the 1H buy-side liquidity.
· Bullish CHOCH Signal: A break and hold above the minor swing high at $2,476.15**, followed by a reclaim of **$2,511.28, would signal a potential short-term trend change and a move to test the 1H sell-side liquidity ($2,630+).
· Current State: Neutral within consolidation. Awaiting a break on the 15m for the next directional cue. The narrowing Bollinger Bands (UB:2,459.62, LB:2,429.58) indicate this compression.
5M Chart - Trade Plan Execution
Bias: Bearish, aligned with the higher timeframes. Looking for a sell opportunity on a 15m BOS.
1. Trigger & Entry: Wait for a **5m candle close below $2,431.38** (and confirming a 15m break below $2,421.06). Sell Entry Zone: $2,428 - $2,423.
2. Stop Loss (SL): Place above the recent 5m swing high and within the consolidation. SL: $2,442.74.
3. Profit Targets (TP):
· TP1: $2,420.02 (Immediate support).
· TP2: $2,359.74 (1H Buy-Side Liquidity / Previous Swing Low).
· TP3: $2,241.91 (Major 24h Low / Key Liquidity Pool).
4. Risk Management: Position size so that risk (SL-Entry) is ≤ 1% of capital. Move stop loss to breakeven upon reaching TP1.
5. Invalidation: The plan is invalidated by a 5m close above $2,442.74, suggesting the consolidation may resolve upwards instead.
Summary: The structure is bearish. The trade plan is to sell a breakdown from the 15m consolidation, targeting lower liquidity pools, with clearly defined risk parameters.
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