$ETH /USDT – BEARISH DIVE CONTINUES 🕳️🐻
📉 Current Price: $2,414.07
📅 Trend: Strong Downward Momentum
📊 Technical Indicators:
MA(7): $2,423.18
MA(25): $2,476.77
MA(99): $2,573.76
MACD: Momentum sharply bearish, no signs of reversal yet
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🧱 KEY LEVELS TO WATCH:
🔼 Resistance:
$2,430 – Immediate overhead
$2,476 – Minor bounce area (MA25)
$2,570–$2,640 – Major supply zone
🔽 Support:
$2,392 – Daily low, acting as current floor
$2,350 – Intraday demand
$2,300 – Psychological and historical support
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🔥 TRADE SETUP – SHORT POSITION
📍 Entry Zone: $2,420–2,440 (pullback toward MA7 or minor resistance)
🎯 Targets (TP):
TP1: $2,392
TP2: $2,350
TP3: $2,300
🛑 Stop Loss (SL): $2,480 (above MA25 and intraday swing)
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🛡️ RISK MANAGEMENT:
🔹 Use tight position sizing (risk 1–2% max)
🔹 Don’t average into a losing trade
🔹 Monitor MACD & volume for exit triggers
📉 Trend favors sellers – let the dip work for you! 💣📉
#CircleIPO #CUDISBinanceTGE #BlackRockETHPurchase #BinanceAlphaAlert #Write2Earn $ETH
