$ETH

Hey Binance Square Family! 🌟

Let’s explore a powerful bearish reversal setup on ETH/USDT that traders are watching closely. Here’s a polished, Binance-style breakdown—clean and fun with clear trade levels!

🔍 1. Market Snapshot

Current Price: ~ $2,535 USDT, down around 3% over the past 24 hours .

Short-Term Trend: Weak. ETH has made a strong run into a supply zone (around $2,760–$2,800) and is now showing signs of distribution .

Structure: A classic double top near the resistance zone preceded a drop, and a head & shoulders / shoulder pattern neckline near ~$2,480 was broken, confirming bearish momentum .

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📉 2. Why This Is a Strong Setup

Rejection at a strong supply zone—price rallied and halted near $2,760–$2,800, showing seller strength .

Pattern signal: Break and retest of the neckline (~$2,480) now serving as resistance ⚠ .

Indicator confirmation: MACD, RSI show bearish divergence—momentum is fading near resistance .

Volume: Lower volume on recent retests—sellers holding control in the zone.

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🎯 3. The Trade Plan: 5 Target Bear Setup

**âș Entry**: Short around $2,535–$2,550 after confirmation of rejection (e.g., wick rejection or 1H close below).

**🛑 Stop‑Loss**: Place above recent swing high at $2,600 to avoid false breakouts.

⚡ Take Profit Levels:

1. TP1: $2,480 – neckline retest zone.

2. TP2: $2,420 – last support on 4H charts.

3. TP3: $2,360 – next historical demand area.

4. TP4: $2,300 – major multi-timeframe support.

5. TP5: $2,200 – the deeper bearish extension .

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🛠 4. Trade Setup Table

Step Level (USDT) Notes

Entry $2,535–$2,550 After bearish confirmation

Stop‑Loss $2,600 Above swing high/resistance

TP1 $2,480 Neckline retest

TP2 $2,420 4H support

TP3 $2,360 Demand level

TP4 $2,300 Strong multi-TF support

TP5 $2,200 Extended bearish target

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🔎 5. Trade Filters & Confirmation

Candle Setup: Look for rejection candle with long upper wick near resistance or a bearish engulfing candle.

Indicator Check: MACD cross down + RSI divergence across H1 or H4 adds conviction .

Volume: Rising on the move down confirms bearish momentum; low volume near resistance signals weak buying.

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🛡 6. Risk & Management Tips

🧠 Risk ≀1–2% per trade—always use size that fits your portfolio.

đŸȘœ Stagger profits: Lock in at TP1 and move SL to breakeven before going for deeper TPs.

🧭 Stay alert: A close above $2,600 invalidates the bearish thesis—be ready to exit.

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✅ Why It Works

Clear resistance rejection + textbook reversal pattern.

Multi-layered confirmation: structure, indicators, volume.

Flexible profit-taking plan fits various styles—short swing or trend play.

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🗣 Now It’s Your Move!

Are you waiting for the rejection candle or jumping in near $2,550? Which TP are you targeting first? Let’s share plans and grow smarter as a community! 💬

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Disclaimer: Educational purposes only, not financial advice. Trade responsibly and manage your risk!