$ETH USDT.P
BEARISH - DUMP - SHORT
#ETH/USDT.P Has recently emerged from a bearish pattern, signaling an increased of an extended downward trend.
The initial pattern that triggered the bearish momentum began on June 7th. Following this, we observed another significant bearish wave as the price breached yet another structure zone yesterday.
This bearish breakout has heightened the probability that Ethereum (ETH) may retest the 3420 level. Should this bearish pressure persist, there’s a potential for the price to descend further, possibly reaching as low as 3280.
Bearish - Correction
If the last low is broken downward, we will expect the bearish correction to start leading to a movement towards $3,100 demand zone.
Entry price short after consolidation 3700 - 3650
Target price short 3280 - 3100
Stop loss price is 3900
Leverage set by your self
Don’t forget to set stop loss, Always follow your trading plan regarding entry, risk management, and trade management.
Disclaimer: Any content in this text does not constitute investment advice. This text provides an objective description of the market situation and should not be considered an offer to sell or a solicitation to buy.
DYOR
NOT FINANCIAL ADVICE
