Trading Idea: ETH/USDT Short-Term Analysis
ETH/USDT appears poised for a potential bearish move, with a critical level at the 15-minute resistance of 2032.25. Should the price fail to break above this level, it could signal the initiation of a bearish trend.
Additionally, a strong resistance zone, coupled with the context of the previous price range, suggests the potential for a corrective move with an initiation leg. The next targets for this bearish scenario are set at 1995 and 1985, as these zones may hold liquidity.
As with any trade, it's essential to wait for confirmation and closely monitor price action around the identified levels. Implement effective risk management strategies, as cryptocurrency markets can exhibit high volatility. This idea is not financial advice; perform your own research, assess your risk tolerance, and consider consulting with a professional financial advisor if needed.
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