$ETH IS FORMING A DOUBLE TOP AT MAJOR RESISTANCE 🔥
Entry: 1820 🔥
Target: 1705 🚀
Stop Loss: 1855 ⚠️
The current structure shows price rejecting at a key resistance zone that has held for weeks, creating a potential double top formation. A confirmed breakdown below 1815 would target the first liquidity pocket at 1785, with the full extension toward 1705 offering a 1:3 risk-to-reward on this setup.
Volume is still low on the retest, suggesting conviction is lacking on the breakout side. A daily close above 1855 kills the bearish thesis completely. Are you shorting this rejection or waiting for confirmation?
Not financial advice. Always manage your risk.
#ETH #DoubleTop #ShortSetup #Resistance #Crypto
🔥
Entry: 1820 🔥
Target: 1705 🚀
Stop Loss: 1855 ⚠️
The current structure shows price rejecting at a key resistance zone that has held for weeks, creating a potential double top formation. A confirmed breakdown below 1815 would target the first liquidity pocket at 1785, with the full extension toward 1705 offering a 1:3 risk-to-reward on this setup.
Volume is still low on the retest, suggesting conviction is lacking on the breakout side. A daily close above 1855 kills the bearish thesis completely. Are you shorting this rejection or waiting for confirmation?
Not financial advice. Always manage your risk.
#ETH #DoubleTop #ShortSetup #Resistance #Crypto
🔥