🚨 BREAKING: High Probability Bearish Setup on ETH/USDT Weekly Chart! 🚨
#Ethereum is currently trading around $2,975, sitting right on key Fibonacci retracement levels after a strong rally. But look closer – there's a massive unmitigated Fair Value Gap (FVG) and Order Block waiting below!
High probability (>70% based on historical structure) that price sweeps lower to fill this inefficiency, targeting $1,900 – $1,600 zone before any real reversal.
Why?
Price rejected from overhead resistance
Unfilled FVG acts as a magnet
Strong order block support down there for potential accumulation
Spot Buying Strategy (DCA Plan):
First chunk: Buy at current market price (~$2,975)
Second chunk: Limit buy around $1,950
Third chunk: Limit buy around $1,600
This way, you average in safely on the dip.
You can apply the same layered approach for futures/long positions (with proper risk management & stop loss below $1,050 as marked).
Not financial advice – DYOR & trade responsibly!
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