$ETHFI: High Conviction Short Opportunity as $ETHFI Tests Supply Wall
SHORT SETUP ETHFI
Entry: $0.70892 - $0.71248
Stop Loss: $0.74802
Take Profit: $0.63606 (2R)
Key Levels: Support $0.69320 | Resistance $0.74430
Technical Analysis for $ETHFI: $ETHFI fallback technical analysis: RSI is 35.4, showing weakening momentum without being deeply oversold, price is trading below the 21 EMA, supporting the bearish bias, MACD is below its signal line, confirming negative momentum, volume is expanding by 102.8%, and price is below the 50 EMA, keeping the short-term structure weak. Together, these signals support a conditional SHORT continuation setup.
Will resistance cap a bounce, or can buyers reclaim it? Follow for more data-led market setups.
SHORT $ETHFI
SHORT SETUP ETHFI
Entry: $0.70892 - $0.71248
Stop Loss: $0.74802
Take Profit: $0.63606 (2R)
Key Levels: Support $0.69320 | Resistance $0.74430
Technical Analysis for $ETHFI: $ETHFI fallback technical analysis: RSI is 35.4, showing weakening momentum without being deeply oversold, price is trading below the 21 EMA, supporting the bearish bias, MACD is below its signal line, confirming negative momentum, volume is expanding by 102.8%, and price is below the 50 EMA, keeping the short-term structure weak. Together, these signals support a conditional SHORT continuation setup.
Will resistance cap a bounce, or can buyers reclaim it? Follow for more data-led market setups.
SHORT $ETHFI
