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$ETH $ETHUSDT (1H) - Short Rejection Setup
Bias: Short
Entry (Zone): 1644.00 - 1650.00
Targets:
TP1: 1628.00
TP2: 1614.00
TP3: 1598.00
Stop Loss: 1668.00
Why this Setup:
I’m seeing ETH reject the 1,650 area after a weak intraday bounce, and the broader structure still looks heavy. I want to sell into strength while price stays below the recent range highs, with downside likely to extend back toward the mid-1,620s and then the prior support zone near 1,600.