Here’s a detailed post based on the ETHFI/USDT chart you provided:
$ETHFI /USDT BEARISH MOMENTUM LIKELY TO CONTINUE
Current Price: 0.683 USDT
Key Levels:
Resistance: 0.709 – 0.719 USDT (recent highs where sellers may step in)
Support: 0.665 – 0.674 USDT (recent lows where buyers could defend)
The price of ETHFI has recently broken below the 0.709 level and is currently testing the 0.683 zone. The downward movement suggests that sellers are in control, and unless a strong reversal pattern appears, the bearish trend may continue toward the support zone at 0.665.
Trade Setup:
Position: Short
Entry: 0.683 USDT
Take Profit (TP): 0.665 USDT
Stop Loss (SL): 0.709 USDT
Guiding Message:
Markets can be challenging, but each move provides an opportunity to learn and grow. Stay disciplined, stick to your plan, and remember that patience and consistency are key in trading. Every step forward is progress!
If you want, I can also create a bullish alternative setup in case the price reverses from support, giving a complete view of both scenarios. Do you want me to do that?$ETHFI #zahracrypto
