SELL ETHUSD – 2980.92

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ETHUSD

Trade ID: ethusdsell202601221159 | Execution: 204311
Status
LOST
Direction
SELL
Entry Price
2980.92
Targets Hit
0 / 3

Trade Levels

Entry, Stop Loss & Take Profit Targets
Level
Price
Pips
Status
Hit Time
Entry Price
2980.92
0
Filled
Jan 22, 2026 12:03 PM
Stop Loss
2988.92
800
HIT
2026-01-22 12:07:00
Take Profit 1
2975.32
560
Not Hit
-
Take Profit 2
2968.92
1200
Not Hit
-
Take Profit 3
2960.92
2000
Not Hit
-

Trade Analysis

Strategy & Reasoning
Strategy
Trend Following
Reason
Bearish trend continuation aligned across timeframes with OBV confirmation, price rejecting near 2980 round number with a false breakout pattern identified earlier.
Details

The trade is based on a bearish trend following strategy, supported by multi-timeframe alignment where Daily, H4, and H1 are all in a bearish structure. Technical confluence includes OBV declining with price, indicating strong bearish momentum, and a false breakout pattern above 3000 followed by a sharp decline, which is a classic liquidity sweep pattern. The price is currently near the 2980 round number, a major institutional level, and the rejection from higher levels suggests further downside. Fundamental sentiment is neutral with no major news directly impacting ETH, but the overall market structure and price action support a bearish bias. The confidence score of 75% reflects strong technical alignment but notes the proximity to a key level, requiring careful risk management.

Confluence Metrics

Technical & Fundamental Analysis Scores
Technical Confluence
Multi-timeframe alignment (D1/H4/H1 bearish), OBV confirmation, round number rejection
Fundamental Sentiment
N/A
Confidence Score
75
Trade Conviction
High
Reasoning Completeness
High
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