$WBETH /USDT BEARISH SETUP – PRICE FACING STRONG SELL PRESSURE 🔻📉
$WBETH/USDT is showing signs of short-term weakness, as the price fails to hold above key support and prints a lower high. With momentum fading and a bearish MACD crossover forming, a correction looks likely.
📍 CURRENT PRICE: $3,194.91
📊 TREND: Bearish (short-term)
🔑 KEY LEVELS TO WATCH:
🔹 Resistance:
$3,215 – Immediate intraday resistance
$3,290 – 24h High and breakout barrier
🔹 Support:
$3,147 – Key local support
$3,070 – Next major demand zone
$3,000 – Psychological round level ⚠️
📉 TRADE SETUP – SHORT ENTRY IDEA:
🔽 Entry Zone: $3,200 – $3,215 (upon rejection)
🎯 Take Profit Targets:
TP1: $3,147
TP2: $3,070
TP3: $3,000
🛑 Stop Loss: $3,245 (above resistance zone)
📈 Risk-Reward Ratio: Minimum 1:2 for optimal trade
🛡️ RISK MANAGEMENT:
Risk 2% or less per trade
Use SL without fail
Avoid overleveraging – stay disciplined 🔐
📌 Watch for bearish continuation candles near resistance to confirm entry!
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