Short Selling Signal for USDT Pair $ETH 🚦 🟢
Bearish Reversal After Bullish Momentum Failure
Ethereum has lost its bullish momentum after a strong rise and is now facing rejection near the $3,360-$3,390 area. The price has broken below the daily support level on the 15-minute timeframe, indicating a potential bearish reversal as sellers enter in large quantities.
Trading Setup 🔻
• Entry Price: 3,316.58
• Stop Loss Price: 3,387.42
• Take Profit Price: 3,181.84
• Type: Sell Position
• Leverage: 10x
• Risk: Portfolio Allocation of 2-3%
Market Outlook:
As long as the price of Ethereum remains below $3,360, downward pressure is expected to continue with room to decline towards the support area at $3,180. Bulls need to regain strength above the resistance level to change the trading structure.
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