ETH/USDT Analysis: Short Setup Playing Out Perfectly! 📉
Market Outlook:
Ethereum (ETH) is showing a classic bearish rejection from the resistance zone. After a strong upward move, the price action started losing momentum, leading to a perfect entry for a short position.
The Strategy:
Technical Setup: Resistance Rejection + EMA Crossover (9/20).
Entry Zone: Around $2,150.
Current Status: Running in deep profit as the price breaks lower.
Target (TP): Target set near $2,066.
Risk Management (SL): Tight Stop Loss at $2,182 to protect capital.
Market Insight:
The trendline breakdown followed by a retest confirmed that the bears have taken control. As long as ETH stays below the 20 EMA on the 5-minute chart, the downward pressure remains strong.
"Plan your trade and trade your plan." 💎
Are you guys currently long or short on ETH? Let’s discuss in the comments! 👇
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