$ETH /USD – Short Setup Active After Bullish Rejection Zone Hit
Ethereum faces rejection just below $1600 as price fails to maintain higher momentum. Bears are stepping in near resistance, and current price action suggests a fade is in play from $1583.4. Market structure shows lower highs, favoring a short-side continuation.
Short Trade Plan:
Entry: $1583.4
Final Target: $1550.8
Stop Loss: $1598.8
Why This Trade Works:
Clear rejection at resistance and lack of bullish follow-through. Sellers are defending the $1590+ zone strongly. Momentum is shifting down with room to fall further.
Risk Tip: Watch the $1560 zone for potential bounce. Trail stop to break-even after $1565 hit.
Take short trade now on $ETH!
