Hammadlateef

Ethereum $ETH has shown a clear rejection from the 1624.46700–1628.81300 resistance zone, and I have entered a 150x Isolated Short position. The setup remains aligned with the broader bearish market structure, and I'm now looking for downside continuation toward key profit targets.
Trade Setup
Entry Zone: 1624.46700 – 1628.81300
Take Profit Targets:
TP1: 1610.99439 (R:R 1:0.8)
TP2: 1600.56398 (R:R 1:1.3)
TP3: 1584.91837 (R:R 1:2.0)
Stop Loss: 1647.50082
Why I'm Taking This Trade
🔹 The higher-timeframe bearish structure remains intact, with $ETH reacting from a key resistance area around 1626.64000.
🔹 The 15-minute RSI is currently at 52, suggesting there is still room for sellers to take control and push price lower.
🔹 Volume analysis supports the bearish outlook. Current 15-minute volume stands at 13.61K versus an expected 30.82K, resulting in a 0.44x volume ratio and indicating genuine sell-side participation rather than aggressive buying pressure.
Market Outlook
As long as $ETH remains below the resistance zone and the stop-loss level, the downside targets remain in play. A confirmed continuation could provide a strong risk-to-reward opportunity for short-position traders.
My call. Your execution.
Trade responsibly and always manage risk.
👇 Share your trade plan in the comments, and I'll give you my take on it.
#Ethereum #CryptoTrading #BinanceSquare #ShortTrade #TechnicalAnalysis
Note: 150x leverage is extremely risky. Small price moves can liquidate a position, so use strict risk management.