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$ETH /USDT: Strategic Short Opportunity!
Market Analysis:
Ethereum ($ETH /USDT) has confirmed bearish momentum after breaking critical support levels. The brief consolidation around $3,400 suggests a potential for further downside movement.
Trade Setup:
🔹 Entry Point: $3,400 (current level)
🔹 Stop Loss (SL): $3,480 (above recent resistance)
🔹 Take Profit 1 (TP1): $3,320 (first key support zone)
🔹 Take Profit 2 (TP2): $3,250 (next major support level)
Rationale:
1. Bearish engulfing candlestick confirmed on the 1-hour chart, signaling strong selling pressure.
2. Momentum indicators such as RSI and MACD show a lack of recovery strength.
3. The risk-to-reward ratio supports a favorable short trade setup.
Risk Management:
Maintain a moderate position size.
Adjust the stop-loss if ETH/USDT surpasses $3,450 resistance convincingly.
Stick to your trading plan and prioritize capital protection.
#TrumpBTCBoomOrBust #MicroStrategyMoves #ETHBearishSetup #AIFrenzyMarkets #CryptoOpportunities
Market Analysis:
Ethereum ($ETH /USDT) has confirmed bearish momentum after breaking critical support levels. The brief consolidation around $3,400 suggests a potential for further downside movement.
Trade Setup:
🔹 Entry Point: $3,400 (current level)
🔹 Stop Loss (SL): $3,480 (above recent resistance)
🔹 Take Profit 1 (TP1): $3,320 (first key support zone)
🔹 Take Profit 2 (TP2): $3,250 (next major support level)
Rationale:
1. Bearish engulfing candlestick confirmed on the 1-hour chart, signaling strong selling pressure.
2. Momentum indicators such as RSI and MACD show a lack of recovery strength.
3. The risk-to-reward ratio supports a favorable short trade setup.
Risk Management:
Maintain a moderate position size.
Adjust the stop-loss if ETH/USDT surpasses $3,450 resistance convincingly.
Stick to your trading plan and prioritize capital protection.
#TrumpBTCBoomOrBust #MicroStrategyMoves #ETHBearishSetup #AIFrenzyMarkets #CryptoOpportunities
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