$ETH /USDT short trade signal

SHORT TRADE SIGNAL – DAILY CHART SHOWS LOWER HIGH FORMATION!

Ethereum has failed to reclaim the $2,788 level and is now trading below the recent swing high. Price is forming a bearish structure on the daily chart with wicks to the upside, signaling rejection and potential downside toward previous support levels around $2,475.

Trade Setup (SHORT):

Entry Zone: $2,590 – $2,620

Target 1: $2,475

Target 2: $2,372

Stop Loss: $2,655

Why Short?

$ETH attempted to break above the $2,600 psychological zone but faced resistance near $2,649. Daily candles show selling pressure with long upper wicks and reduced bullish momentum. If $2,590 breaks, it confirms a shift back toward lower support zones.

Risk Management Tip:

Use strict SL above $2,655. Reclaiming that level would invalidate this setup. Scale out profits as price nears target zones, and avoid over-leverage on daily timeframe moves.

Sell smart — don’t chase green candles when the trend is turning red!

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