Price has pushed into a potential intraday Pivot supply zone (red box) where sellers may step in. This trade is based on the expectation of a rejection from this area.
Entry: Red box — a short entry zone aligned with overhead supply
Stop Loss: Above the red zone (invalidates the setup)
Target: Green box — area to consider partial/full exit based on momentum
ETHUSDT has shown a strong bounce but is now approaching a key pivotal resistance zone
Risk-reward is favorable with a tight invalidation and clean downside target
Price may stall or reverse near the red box, creating short opportunity
Note:
This is an intraday trade idea that expires at 00:00 UTC (Daily Candle Close). Re-evaluate the setup if price remains indecisive near the entry zone close to that time.
Entry: Red box — a short entry zone aligned with overhead supply
Stop Loss: Above the red zone (invalidates the setup)
Target: Green box — area to consider partial/full exit based on momentum
ETHUSDT has shown a strong bounce but is now approaching a key pivotal resistance zone
Risk-reward is favorable with a tight invalidation and clean downside target
Price may stall or reverse near the red box, creating short opportunity
Note:
This is an intraday trade idea that expires at 00:00 UTC (Daily Candle Close). Re-evaluate the setup if price remains indecisive near the entry zone close to that time.
Trade closed: stop reached
Related publications
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.
Related publications
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.