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$ETH (1h) - Bearish Rejection Short
Bias: Short
Entry (Zone): 2001.50 - 2005.50
Targets:
TP1: 1990.00
TP2: 1978.50
TP3: 1965.00
Stop Loss: 2020.50
Why this Setup:
I’m looking for a short after ETH failed to hold the 2000 area and is still showing weakness below nearby resistance. I want a rejection back into the 2001.5-2005.5 zone, with room for a move back toward the recent swing lows if momentum stays bearish.