ETH is testing a critical area of resistance, with price action hinting at a potential reversal. ETH's current price dynamics are ripe for a short setup.

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🔴 $ETH SHORT 📉
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📍 Entry Range: $1,865.47 – $1,869.21
🛑 Stop Loss: $1,923.36 (-3.0%)
🎯 TP1: $1,839.33 (+1.5%)
🏆 TP2: $1,773.97 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 91%
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This ETH short setup is fueled by a confluence of signals including a clear market structure break, volume confirming direction, and a fair value gap, all of which are overlapping with an order block. The combination of these signals, particularly the CHoCH and CVD, suggests a strong potential for a downward move. The POI confluence of OB and FVG adds significant weight to this analysis.

A 3.0% stop loss is relatively tight but suitable for a 1:1.7 risk/reward ratio, suggesting the use of moderate leverage to maximize potential returns while managing risk.

Considering the strength of the setup, taking partial profits at the first target could be a prudent strategy to lock in some gains before the market potentially tests deeper support levels.

Not financial advice — always manage your own risk 🙏

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