$ETH

USDT BEARISH REVERSAL – RISING CHANNEL BREAKDOWN SIGNALS SELL-OFF

Ethereum has broken its rising channel support, indicating potential bearish momentum ahead.

🔑 Key Levels:

Resistance: $2461

Current Price: $2449

Support: $2427

📉 Trade Setup (Short):

Entry: $2453 – $2448

Take Profit (TP): $2427

Stop Loss (SL): $2461

📊 Market Outlook:

ETH showed a strong upward move within a rising channel, but rejection near resistance and breakdown from the channel signals bearish continuation towards the next support at $2427. Sellers are regaining control after the channel exhaustion.

⚠️ Risk Management:

Always use stop-loss to limit risks. Avoid over-leveraging, and risk only 1-2% of your capital per trade for consistent growth.

💭 Comment 🚀 if you caught this breakdown setup!

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