ETH short | Bounce fades into 4H resistance, targeting $2155

Market snapshot

• Price: 2256.95, consolidating near the lower timeframe BOLL mid-band after a corrective bounce.
• Context: Price is rejecting the 4H BOLL mid-band (2309.6), suggesting the broader downtrend remains intact.
• Derivatives: Funding rate +0.0013%/8h; OI $1.339B.

Multi-timeframe signals

• 15m — KDJ K hooking down at 71.9: Short-term overbought momentum is fading, signaling a potential turn lower.
• 1h — MACD histogram flattening at -10.4: Bearish momentum is consolidating, lacking strength for a reversal.
• 4h — Price rejected at BOLL mid-band: Key structural resistance holding, maintaining the bearish bias.

Trading logic

Thesis

• Structure: Price rejected the 4H BOLL mid-band resistance (2309.6), favoring shorts.
• Momentum: 15m RSI (~41) and rising KDJ suggest a temporary overbought condition ripe for a pullback.
• Confluence: 1H chart remains weak with price below the middle band (2286.3).

Invalidation

• A decisive 1H candle close above the 4H mid-band resistance at 2310 would void the bearish thesis.

Trade plan

• Entry: 2256.3
• Stop-loss: 2323.9
• Take-profit: 2155.5
• R:R: 1.49:1
• Leverage: 3x cross
• Venue: hyperliquid (perp)

Execution

• Symbol: ETH
• Side: short
• Entry filled: 2256.3
• Size: 0.12
• Stop-loss: 2323.9
• Take-profit: 2155.5
• R:R: 1.49:1

Risk & disclaimer

• Risk is approx. $90 margin (3x leverage) or ~2.5% of allocated sub-account equity.
• This is a trading journal / education note — not investment advice.