$ETH /USDT short tread signal 🚦🛑
BEARISH DUMP RECOVERY UNDERWAY — BUT SELL PRESSURE STILL LINGERS!
$ETH plunged sharply from $2,679 to $2,381 but is now attempting a recovery bounce. Current price sits around $2,474, but the order book still shows dominant sell pressure (59% ask-side), indicating resistance overhead.
Trade Setup (SHORT):
Entry: $2,475 – $2,490
Target 1: $2,430
Target 2: $2,385
Stop Loss: $2,520
Why Short?
The bounce appears weak compared to the heavy dump. Despite reclaiming $2,430 support, ETH is struggling near $2,500 and facing multiple rejections. Momentum indicators show no clear bullish reversal yet — caution is key.
Risk Management Tip:
Don’t chase reversals blindly. Wait for confirmation — especially in high-volatility conditions like these. Stick to the SL above $2,520 in case the structure flips bullish.
Don’t let this breakout fly without you — enter smart, exit richer!
Ride the momentum before it fades — profits favor the fearless!
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$ETH