This is 2-hour Ethereum (ETH/USD) chart outlines a bearish trade setup:
Resistance/SL Area ($3,444.90): If the price moves above this level, the bearish idea is invalidated, and stop-loss is triggered.
Support/Target Area ($3,156.62): The price is expected to drop toward this support zone, marking the profit target.
The price is consolidating, and the chart anticipates a downward breakout. The trade assumes risk up to $3,444.90, with potential gains as the price moves toward $3,156.62.
1 hour ago
Note
Note: This analysis is for educational purpose not an advice to trade kindly remember it and trade at your risk.
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