$WBETH BEARISH CORRECTION IN PLAY! ⚠️📉
Wrapped Beacon ETH (WBETH) is sliding down, currently at $2,590.15 (-4.05%), after failing to sustain above key resistance. The momentum has shifted bearish, with price testing lower support zones.
🔍 Key Levels to Watch:
Resistance: $2,630 - $2,704 🔼 | Rejection zone
Support 1: $2,538.00 ⚠️ | Immediate key level
Support 2: $2,480.00 🧱 | Breakdown confirmation area
📉 Current Price: $2,590.15
Structure is weak with consistent lower highs, indicating seller strength.
💣 TRADE SETUP – SHORT POSITION:
Entry: $2,600 - $2,620 🔽
Take Profits (TP):
TP1: $2,540
TP2: $2,480
Stop Loss (SL): $2,710 🚫
🛡️ Risk Management:
Use 2% or less of capital per trade, always apply stop-loss, and aim for high R:R setups to preserve capital and maximize efficiency.
Trade smart, stay sharp! 📊⚔️
