๐ $ETH /BTC BEARISH MOVE IN PLAY โ REJECTION FROM RESISTANCE ZONE! ๐จ
๐ Technical Analysis:
$ETH/BTC is showing signs of weakness after rejection from the 0.02364 resistance zone. Currently trading at 0.02330, the pair is struggling to maintain bullish momentum and may continue downward if support levels break. The overall trend remains under pressure as sellers take control. โ ๏ธ
๐ Key Levels:
Resistance: ๐บ 0.02364 โ Strong resistance (recent rejection zone)
๐บ 0.02390 โ Major resistance above; trend reversal only above this
Support: ๐ป 0.02305 โ Immediate support
๐ป 0.02290 โ Key support to watch for breakdown continuation
๐ผ Trade Setup โ SHORT ENTRY:
Entry: 0.02330
Take Profit (TP):
๐ฏ TP1: 0.02305
๐ฏ TP2: 0.02290
Stop Loss (SL): 0.02365
๐ Risk Management:
โ Use 1-2% of capital per trade
โ Risk-to-Reward Ratio: Minimum 1:2
โ Monitor BTC and ETH volatility for added confirmation
๐ง Stay sharp. Let the trend guide your position! ๐
#NFPWatch #TrumpVsMusk #StrategyBTCPurchase #SECGuidance #OneBigBeautifulBill $ETH