๐จ $ETH /USDT Bearish Trade Setup โ Scalp or Swing Opportunity! ๐จ
๐ธ Live Price: $2,520.19
๐ 24H Drop: -4.30%
๐ Timeframe: 4-Hour Chart
๐ Market Sentiment: Bearish โ Entering Oversold Zone
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๐ง Trade Plan (Short Setup)
๐ฏ Entry Zone: $2,515 โ $2,525
๐ Target 1 (TP1): $2,445
๐ฏ Target 2 (TP2): $2,400
โ Stop Loss (SL): $2,590
๐ Risk/Reward: 1:1.5+ โ Favorable for high-probability traders
๐ Strategy: Scalping & short-term swing
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๐ Technical Breakdown
RSI (6): 20.06 โ Deep in oversold territory โ ๏ธ
MACD: Strong bearish divergence detected
Bollinger Bands: Price breaking below lower band โ signals momentum continuation
Volume: Elevated sell-side volume confirms bearish pressure
Key Support: $2,463, $2,445
Key Resistance: $2,589, $2,630
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๐ง Pro Trading Insight
๐น Perfect for short sellers anticipating a bounce-rejection near resistance
๐น Watch Bitcoin closely โ a BTC breakdown could trigger ETH sell-off
๐น Use a tight stop-loss โ volatility is high
๐น Scalpers: Monitor price action closely, quick exits are key
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โ ๏ธ Risk Management Reminder
Donโt jump in without confirmation โ especially if considering longs!
๐ Use smart position sizing and stick to your risk parameters.
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๐ #CryptoTrading.