ETH short trend follow

Price in channel on daily, coming off hitting from the top trend line, broke daily support / resistance level. Bounced at daily support and 50 day MA, retraced to down trend line and 50% fib level. Price had 4h close below EMA, 38.2 fib level, 1h s/r level, with 1h wick showing respect of that zone.

Stop loss: Above 50% fib, recent high, and outside trend line

Take Profit: At 1.272 fib extension, area of high volatility and minor structural level