$ETH /USDT Trading Signal – Short Opportunity 🎯
Current Price: $3,308.21 (-1.61%)
Signal: Short Position
Entry Range: $3,310 - $3,320
Take Profit Levels:
🎯 TP1: $3,280
🎯 TP2: $3,260
🎯 TP3: $3,240
Stop Loss: $3,340
Technical Observations:
Bearish Trend: $ETH is trading below key moving averages (7 EMA, 25 EMA, and 99 EMA), signaling downward momentum.
Resistance Zone: Strong resistance near $3,320, providing a favorable risk-to-reward for short positions.
Support Levels: Initial support expected at $3,280, with further potential towards $3,240.
Actionable Advice:
Enter the short position within the specified range and aim for the incremental targets. Ensure to manage risk by adhering to the stop-loss level.