๐Ÿ“‰ $ETH /BTC BEARISH MOVE IN PLAY โ€“ REJECTION FROM RESISTANCE ZONE! ๐Ÿšจ

๐Ÿ” 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. โš ๏ธ

๐Ÿ“Š Key Levels:

Resistance: ๐Ÿ”บ 0.02364 โ€“ Strong resistance (recent rejection zone)

๐Ÿ”บ 0.02390 โ€“ Major resistance above; trend reversal only above this

Support: ๐Ÿ”ป 0.02305 โ€“ Immediate support

๐Ÿ”ป 0.02290 โ€“ Key support to watch for breakdown continuation

๐Ÿ’ผ Trade Setup โ€“ SHORT ENTRY:

Entry: 0.02330

Take Profit (TP):

๐ŸŽฏ TP1: 0.02305

๐ŸŽฏ TP2: 0.02290

Stop Loss (SL): 0.02365

๐Ÿ“ˆ Risk Management:

โœ… Use 1-2% of capital per trade

โœ… Risk-to-Reward Ratio: Minimum 1:2

โœ… Monitor BTC and ETH volatility for added confirmation

๐Ÿง  Stay sharp. Let the trend guide your position! ๐Ÿ“‰

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