$ETH /USDT BEARS ARE REASSERTING CONTROL: SHORT TRADE SIGNAL
Short Trade Signal
Entry: Around $4,176.50 (Current Price)
TP (Target):
• Target 1: $4,103.00 (Near previous local support)
• Target 2: $4,042.00 (The recent major swing low)
SL (Stop Loss): $4,206.00 (Just above the recent swing high/resistance)
Short Outlook of Market
The chart, likely on a short-term timeframe (e.g., 15m or 1h), shows a strong downward momentum indicated by the large red candlestick (around 16:00) and the price now consolidating under local resistance. The red candles and lower highs suggest sellers are in control, driving the price down from the 24h high of $4,220.89 towards the 24h low of $4,042.29. A break below the immediate support could trigger a move towards the daily low.