Posiotn: Short
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Hope you can see This chart shows ETH 4-hour price movement. Showing a long-term upward channel with both resistance and support levels.
The blue line at the top represents major resistance. ETH has recently touched this resistance, and signaling potential selling pressure. Suggests a bearish correction in the short term. That's why I'm going to take a short position for short-time moment.
The red line at the bottom marks major support, a key level where price has historically rebounded. It would be the target price for us.
ETH is currently trading at $4,189.2.
TRADE SETUP
Entry: 4189.2
Target : 3989.7 3856.6 3735.2 3612.5
Leverage:5x
Stop-Loss: Take 5%-6% risk only.
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