🔥
$ETH /USDT Short Trade Opportunity! 🔥
📉 Current Price: $3,331.68
Trade Setup
Entry Point: Short at $3,320Target 1: $3,100Target 2: $2,900
Stop Loss: $3,450
Rationale Behind the Trade
1️⃣ Resistance Challenge: Ethereum is facing strong resistance
around $3,350, making it difficult to sustain upward momentum and signaling a possible price reversal.
2️⃣ Momentum Weakening: Key indicators highlight bearish
divergence, with growing selling pressure reinforcing a
downward trend.
3️⃣ Favorable Risk-Reward Ratio: The setup offers an
excellent 3:1 reward-to-risk ratio, presenting an opportunity for substantial returns with limited downside risk.
Pro Tip for Traders
To maximize profitability and minimize risk:
Move your stop loss to the break-even point once the price
nears the first target.Maintain discipline and allow the market to follow its natural course.
Conclusion
This trade offers a calculated approach to capitalize on
Ethereum’s bearish rejection at a crucial resistance level. Stay
vigilant, follow your strategy, and make informed adjustments
as the market evolves.
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#EthereumTrading #CryptoSignals #MarketMomentum