⚡ ETH/USDT Trade Signal ⚡

🔴 Position: Short

🔅 Entry Zone: $2,620 - $2,650

📊 Average Entry: $2,635

❌ Stop Loss: $2,700 (-2.47%)

🎯 Target Levels:

1️⃣ $2,580 (-2.09%)

2️⃣ $2,550 (-3.23%)

3️⃣ $2,520 (-4.36%)

4️⃣ $2,480 (-5.88%)

5️⃣ $2,450 (-7.03%)

6️⃣ $2,420 (-8.15%)

7️⃣ $2,380 (-9.69%)

8️⃣ $2,350 (-10.81%)

📌 Reasons for this Trade:

1️⃣ Bearish Trend: ETH is trading below the 7-day, 25-day, and 99-day moving averages, indicating a continued downtrend.

2️⃣ MACD Bearish Crossover: MACD line is below the signal line, confirming downward momentum.

3️⃣ RSI Weakness: RSI at 27.95 indicates oversold conditions, but there is still room for further downside before a potential rebound.

4️⃣ Weak Support Zone: Price recently tested $2,520 and could break lower with selling pressure.

5️⃣ High Selling Pressure: Stochastic RSI and Williams %R indicate strong downward momentum, suggesting further declines.

📌 Trading Considerations

1️⃣ Risk Management: Set a stop-loss order to limit potential losses.

2️⃣ Position Sizing: Adjust position size according to your risk tolerance and account size.

3️⃣ Market Volatility: Be prepared for potential market fluctuations and adjust your strategy accordingly.

4️⃣ Trade Monitoring: Continuously monitor the trade and adjust targets or stop-loss levels if necessary.

⚠️ Disclaimer

This trade signal is for informational purposes only and should not be considered as personalized investment advice. Cryptocurrency trading carries significant risks, and it's essential to do your own research and consult with a financial advisor before making any investment decisions.#ETH #Ethereum #ETHETFsApproved #USJobsDrop #BTCvsInflation $ETH