📌 Overview
ETH is currently trading inside a well-defined descending channel on the 1H timeframe, showing signs of weakness after rejecting from the upper trendline resistance.
Price failed to sustain bullish momentum and is now reacting from a key dynamic resistance area, suggesting a possible continuation toward lower levels.
This setup is based on a bearish continuation scenario within the existing downtrend structure.
📍 Analysis
🔹 Descending Channel Structure
ETH continues to respect the bearish channel formation, with price reacting cleanly from both upper and lower boundaries.
The recent rejection from the upper channel trendline strengthens the bearish outlook.
🔹Market Structure
Overall lower high formation remains intact
Sellers defended resistance aggressively
Price failed to break above channel resistance
Momentum appears weak near supply zone
🔹 Entry Logic
A short position is considered from the current rejection area, anticipating continuation toward the lower channel support.
The setup aligns with the prevailing short-term bearish structure.
🎯 Trade Setup
🟥 Short Position Idea
Entry: Near current resistance reaction
Stop-Loss: Above recent swing high / channel resistance
Take-Profit: Lower channel boundary and nearby support zone
The setup offers a favorable risk-to-reward opportunity if bearish momentum continues.
⚠️ Risk Management
Risk only a small portion of capital per trade
Setup becomes invalid if price breaks and closes above channel resistance
Conservative traders may wait for additional bearish confirmation before entry
📌 Final Thoughts
ETH remains under pressure while trading inside the descending channel structure. As long as price stays below resistance, bears may continue pushing toward lower support levels.
Publishing this setup to track market reaction and overall price behavior.
ETH is currently trading inside a well-defined descending channel on the 1H timeframe, showing signs of weakness after rejecting from the upper trendline resistance.
Price failed to sustain bullish momentum and is now reacting from a key dynamic resistance area, suggesting a possible continuation toward lower levels.
This setup is based on a bearish continuation scenario within the existing downtrend structure.
📍 Analysis
🔹 Descending Channel Structure
ETH continues to respect the bearish channel formation, with price reacting cleanly from both upper and lower boundaries.
The recent rejection from the upper channel trendline strengthens the bearish outlook.
🔹Market Structure
Overall lower high formation remains intact
Sellers defended resistance aggressively
Price failed to break above channel resistance
Momentum appears weak near supply zone
🔹 Entry Logic
A short position is considered from the current rejection area, anticipating continuation toward the lower channel support.
The setup aligns with the prevailing short-term bearish structure.
🎯 Trade Setup
🟥 Short Position Idea
Entry: Near current resistance reaction
Stop-Loss: Above recent swing high / channel resistance
Take-Profit: Lower channel boundary and nearby support zone
The setup offers a favorable risk-to-reward opportunity if bearish momentum continues.
⚠️ Risk Management
Risk only a small portion of capital per trade
Setup becomes invalid if price breaks and closes above channel resistance
Conservative traders may wait for additional bearish confirmation before entry
📌 Final Thoughts
ETH remains under pressure while trading inside the descending channel structure. As long as price stays below resistance, bears may continue pushing toward lower support levels.
Publishing this setup to track market reaction and overall price behavior.
Trade active
Trade Activeee...Trade closed: target reached
I've closed 80% Postions here at 1.6 RewardNote
Remaining 20% at the Entry Point :)Note
Full Target Hit
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.