ETH/USDT Trade Plan — 1H Chart

📊 Current Snapshot
$ETH ‌#MicronMarketCapBreaks1Trillion

Price
1,981.24 (-4.39%)
24H Range
1,967.41 – 2,097.08
SuperTrend
2,032.46 (above price)
Trend Bias
Strongly Bearish
🔍 Technical Read
SuperTrend (2,032) — price sharply below it → confirmed bearish
Bollinger Bands — price has broken below lower band (LB: 1,976), indicating strong selling pressure
MACD — deeply negative (DIF: -23.71, DEA: -17.20, histogram widening) → strong downward momentum, no reversal yet
Volume — large spike on the drop = panic/distribution selling
Price Action — sharp cliff drop from ~2,050 to 1,967 in just a few candles
📉 SHORT Bias (Primary)
Level
Price
Entry (dead-cat bounce)
2,000 – 2,032
Stop Loss
Above 2,097 (24H high)
Target 1
1,967 (24H low)
Target 2
1,920 – 1,900 (next support)
Risk/Reward
~1:2.5
Trigger: Wait for a relief bounce into 2,000–2,032 resistance zone, look for bearish rejection candle before entering short.
📈 LONG Setup (High Risk, Bounce Only)
Level
Price
Entry
1,967 – 1,970 (24H low support)
Stop Loss
Below 1,950
Target 1
2,000 (psych level)
Target 2
2,041 (BB midline)
Risk/Reward
~1:2
Only valid on a strong bullish engulfing candle at 1,967 support with volume confirmation. This is a counter-trend scalp only.
⚠️ Key Warnings
MACD is the most bearish reading on this chart — DIF far below DEA and falling. Do not force longs
The $2,000 psychological level is now resistance, not support
Volume spike on the drop suggests institutional selling — be cautious
If 1,967 breaks cleanly, next major support is around 1,900–1,880
🧠 Overall Bias
Sell bounces, don't buy dips until MACD shows a bullish cross and price reclaims the SuperTrend (2,032+)