🩸 ETHUSDC: Bull Trap Alert! Bearish Reversal Imminent - Short Setup! 🩸

Analysis Summary

- Bearish Catalysts:

- Overcrowded Longs (73.27%): Extreme bullish bias → liquidation risk.

- Weak Momentum: StochRSI (47.61) fading, MACD (-0.66) negative, RSI 6 (41.05) bearish.

- Price Below Key Level: Trading under Middle Bollinger Band (2,535.92) – resistance confirmed.

- Basis Rate (-0.05%): Perpetual trading below spot (bearish sentiment).

- Bullish Mitigation: OBV (807K) shows some accumulation, but fading upside strength.

- Verdict: Rejection at 24h High (2,547.88) signals a short-term drop!

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### Trade Strategy

Direction:BEARISH (Swing trade – 4H timeframe)

- Entry Zone:2,508 - 2,525

Why? Confluence of descending trendline + Middle Bollinger Band resistance.

- Targets:

- TP1: 2,470 (24h Low + psychological support).

- TP2: 2,463 (Lower Bollinger Band).

- Stop Loss:2,550 (Above 24h High).

- Leverage: Moderate (3-4x).

Confidence:70% (Strong contrarian setup, but ETH volatility requires caution).

### Key Risks

1. If BTC surges, ETH may defy technicals – monitor correlation.

2. Close above 2,550 invalidates the bearish thesis.

3. Use ≤1.5% portfolio risk – ETH liquidations can be abrupt!

> 🔥 Pro Tip: Short with a 50% trailing stop after hitting TP1 to capture extended downside!

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