COIN NAME : $ETH
Trade Type : Short 🔥
In the 15-minute chart, Ethereum's 13 EMA and 21 EMA have crossed below the 50 EMA and 200 EMA, forming a death cross pattern. ⚠️ Additionally, Ethereum has broken down the 200 EMA, adding further confluence of bearishness. 📉
In the 1-hour chart, we can spot a perfect bearish divergence, adding to the confluence of bearish signals for Ethereum. 📉 With the death cross in the 15-minute chart and this divergence, the downside momentum seems to be building.
Traders should remain cautious and monitor key support levels for potential breakdowns. 🛑 Let’s wait for further confirmation before taking action! 🚨
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⚠️ Use only 1% of your portfolio 💼 to manage risks effectively. Avoid high leverage 🚫 and proceed cautiously to mitigate potential losses 📉. Always prioritize risk management ✅.