ETHUSD – Bearish Rejection at Major Supply Zone, Eyes on 2,260
ETH is pushing hard into major supply right now — and this is exactly where we want to be ready to sell.
Why This Level Matters:
The 2,420–2,460 zone is a well-defined supply area that has rejected price multiple times over the past several weeks. Every recent expansion has been followed by a sharp selloff. This remains a distribution zone.
Primary Scenario:
We are looking to sell the rejection at the 2,420–2,460 supply zone right now. Once a Market Structure Break (MSB) confirms on the 4H with a lower high and break of the nearest swing low, continuation lower toward the 2,260 demand zone becomes the primary path.
Targets and Invalidation:
🎯 Primary target: 2,260 demand zone
🎯 Extended target: 2,230
Invalidation: Clean 4H close above 2,465.
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Risk Note:
Risk 1–2% of capital per trade. Stop above 2,465 on any short entries taken at the supply zone.
If this added value, boost it forward. What are your thoughts?
Swallow Academy
Why This Level Matters:
The 2,420–2,460 zone is a well-defined supply area that has rejected price multiple times over the past several weeks. Every recent expansion has been followed by a sharp selloff. This remains a distribution zone.
Primary Scenario:
We are looking to sell the rejection at the 2,420–2,460 supply zone right now. Once a Market Structure Break (MSB) confirms on the 4H with a lower high and break of the nearest swing low, continuation lower toward the 2,260 demand zone becomes the primary path.
Targets and Invalidation:
🎯 Primary target: 2,260 demand zone
🎯 Extended target: 2,230
Invalidation: Clean 4H close above 2,465.
|
Risk Note:
Risk 1–2% of capital per trade. Stop above 2,465 on any short entries taken at the supply zone.
If this added value, boost it forward. What are your thoughts?
Swallow Academy
Trade active
ETH delivered a clean downside move, filling 50% of our target right on cue.
We're locking in 50% profits here — the rest stays open for the main target.
Trade closed: target reached
Nice and easy
💎 Telegram:
t.me/+fiEDSn7M9pJkODA0
🌎 Website:
swallowteam.com/
🚨Years on charts build the habit of sensing psychological market direction. So far working :)
t.me/+fiEDSn7M9pJkODA0
🌎 Website:
swallowteam.com/
🚨Years on charts build the habit of sensing psychological market direction. So far working :)
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.
💎 Telegram:
t.me/+fiEDSn7M9pJkODA0
🌎 Website:
swallowteam.com/
🚨Years on charts build the habit of sensing psychological market direction. So far working :)
t.me/+fiEDSn7M9pJkODA0
🌎 Website:
swallowteam.com/
🚨Years on charts build the habit of sensing psychological market direction. So far working :)
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.