🔻
$ETHFI /USDT – Breakdown Below Key Support! Bearish Setup Active 🔻
🔹 Trade Setup:
- Direction: Short
- Entry Zone: $0.895–$0.910
- Target 1: $0.850
- Target 2: $0.800
- Stop Loss: $0.930
- Risk/Reward: ~2.5R
🔍 Technical Summary:
- ETHFI has broken below the key support zone at $0.900, confirming bearish momentum.
- Price action shows consistent lower highs and lower lows, with rejection from $1.00 and $1.10 zones.
- Volume spike during breakdown suggests strong selling pressure.
- RSI hovering near oversold, but no bullish divergence yet—momentum favors continuation.
- 4H structure remains bearish unless price reclaims $0.930 with volume.
📌 Strategy Notes:
- Ideal for momentum traders looking to catch the next leg down.
- Consider partial profit at $0.850 and trail stop for extended downside.
- Avoid chasing entries—wait for retest of breakdown zone ($0.895–$0.910) for optimal risk management.
$ETHFI #ETHFI #cryptowhales69 #cryptowhale69