$ETH Short Trade Setup,
if the price rejects the 2,757 - 2,770 resistance level and starts forming bearish candles. Here's the trade setup:
Short Trade Setup:
Entry (Sell): Near 2,755 - 2,760 if price shows rejection or bearish confirmation.
Stop-Loss (SL): Above 2,770 - 2,775 (to avoid getting stopped out by a fake breakout).
Take-Profit (TP):
First TP: 2,725 (near mid-support).
Second TP: 2,710 - 2,708 (strong support zone).
Confirmation for Short Entry:
Bearish rejection from resistance.
Weak bullish momentum or long wicks at resistance.
Break below the short-term moving average (yellow MA 7).