ETH SHORT UPDATE — MARKET GIVING ME A CHANCE! 💥

I’ve been holding this short for a while, and finally, price just flushed down to 4,321 USDT. Momentum is still heavy, bears in control. 🐻

Here’s a detailed breakdown from the chart you provided 👀

📊 CURRENT PRICE: 4,298.66 USDT

⚡ Key Support Levels

Immediate Strong Support: 4,289.53 USDT → Price hovering just above this. If it breaks, deeper drop likely.

Major Support: 4,250 USDT → Psychological + technical floor if immediate support fails.

⚡ Key Resistance Levels

Immediate Resistance: 4,350 USDT → Watch for bounce back if price tests upward.

Strong Resistance: 4,432.90 USDT → Tough zone to break.

Major Resistance Zone: 4,480–4,500 USDT → Multi-layered resistance, heavy selling possible.

🎯 Targets & Scenarios

Bearish:

Break below 4,289.53 → Next target 4,250 area.

Bullish:

Bounce & cross 4,350 → Targets 4,430–4,450 area.

🧠 Market Mood

Currently bearish: price down -3.85%

Bollinger Bands signal pressure near lower band → selling momentum strong

Order book shows 56.61% sell pressure

💡 My Take:

“Itna hi itna down kiya hai, logon ke paon mein pahne ke jaisa. Ab lagta hai ki 4,289 pe thokar lagegi. Agar wahi tut gaya, to aur gir jayega.”

⚠️ Trading Insight

Short: Strong move continuing. Consider risk & stop-loss near resistance.

Long: Only on confirmed reversal above 4,350 with volume.

Safety: Wait for confirmation — don’t chase momentum blindly.

📌 This is chart-based analysis, not financial advice. Always DYOR and follow risk management.

💬 Question: Are you riding this bearish pressure, or waiting for a bounce? What’s your TP?

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