ETH · 1H · DOWNTREND
The previous short from the 2,450–2,465 zone is the setup I'm watching — price rallied into that zone (high of 2,478 since the read), touched it, but never gave me a 1H close back below 2,435 to confirm the rejection. So the trigger was never pulled. The zone has been traded, the confirmation has not been met, and price is sitting at 2,440 right now — essentially right at the trigger level. The lower-high sequence remains intact: every bounce since the October 7 breakdown has stalled lower than the last, and the daily trend being sideways doesn't change what this 1H structure is showing. I'm not chasing anything here with price sitting in the middle of the confirmation zone — I need the close, not the touch.
SHORT SCENARIO
Confirmation
2,450
On a rally back to the 2,450–2,465 zone, a 1H close back below 2,435 confirms the rejection and prints the lower high I'm looking for.
Invalidation
2,545
1H close above 2,545 — clears the first dense liquidation cluster at 2,495 and the second at 2,570 starts coming into play; breaks the lower-high sequence entirely.
Target 1
2,231
Dense liquidation cluster below; (2,435 − 2,231) / (2,545 − 2,435) = 204 / 110 = 1.9:1.
Target 2
2,168
Second dense liquidation cluster below.
Resistance: 2,465 / 2,545
Support: 2,321 / 2,231
This is not financial advice. Content is AI-generated.