๐ฉธ $ETHFI /USDT โ Slipping Below Supportโฆ or Setting the Trap? ๐ณ๏ธโ ๏ธ
ETHFI took a sharp dive from $1.149 to $1.043 and is now consolidating at $1.074.
Currently below all key moving averages (MA 7/25/99) โ trend remains bearish.
MA(7) facing downward pressure, showing no bullish reversal yet.
But the $1.042โ$1.060 range has acted as strong demand previously.
A bullish engulfing candle from this zone could flip momentum fast.
Volume remains steady, indicating interest despite the drop.
Wait for confirmation candle before taking the leap.
๐ฏ Entry: $1.070โ$1.075
๐ป Stop-Loss: $1.045
๐ TP1: $1.095
๐ TP2: $1.115
๐ TP3: $1.140
ETHFI is bleeding for now โ but even the hardest falls bounce. ๐ฅ๐