Market Context
Ethereum has delivered a strong impulsive move to the upside, breaking previous structure and expanding aggressively from the discount region. Price is now trading inside a higher-timeframe premium zone, where distribution is likely to occur.
This area aligns with smart money profit-taking after a strong expansion phase.
Technical Confluence
Strong bullish displacement from HTF demand
Price now trading above equilibrium (premium)
Reaction near previous supply / imbalance zone
Loss of momentum at highs → signs of exhaustion
Ideal area for mean reversion / pullback
Trade Plan
Bias: Short (counter-trend, mean reversion)
Entry: From premium / supply zone
Stop Loss: Above premium high (invalidation)
Targets:
TP1: Equilibrium (50% retracement)
TP2: Previous demand / imbalance zone
Risk-to-reward remains favorable due to elevated entry location.
A strong candle close above the premium zone will invalidate the short bias and indicate continuation of bullish expansion.
Disclaimer: only for educational purpose.
my entry: 3188.91
sl: 3239
tp: 3050 to 3080
Ethereum has delivered a strong impulsive move to the upside, breaking previous structure and expanding aggressively from the discount region. Price is now trading inside a higher-timeframe premium zone, where distribution is likely to occur.
This area aligns with smart money profit-taking after a strong expansion phase.
Technical Confluence
Strong bullish displacement from HTF demand
Price now trading above equilibrium (premium)
Reaction near previous supply / imbalance zone
Loss of momentum at highs → signs of exhaustion
Ideal area for mean reversion / pullback
Trade Plan
Bias: Short (counter-trend, mean reversion)
Entry: From premium / supply zone
Stop Loss: Above premium high (invalidation)
Targets:
TP1: Equilibrium (50% retracement)
TP2: Previous demand / imbalance zone
Risk-to-reward remains favorable due to elevated entry location.
A strong candle close above the premium zone will invalidate the short bias and indicate continuation of bullish expansion.
Disclaimer: only for educational purpose.
my entry: 3188.91
sl: 3239
tp: 3050 to 3080
Trade active
I have closed this position. Sl got triggered.For more updates keep following.
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.
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.