$ETHFI: Rejection at Key Supply Zone: Short Setup Activated
SHORT SETUP ETHFI
Entry: $0.68950 - $0.69050
Stop Loss: $0.71500
Take Profit: $0.64000 (2R)
Key Levels: Support $0.67630 | Resistance $0.69940
Technical Analysis for $ETHFI: Price sits under EMA9/21/50, confirming bearish bias. A break below that level supports a short toward the 4hour support 0.6763. Watch 0.6994 for entry; invalidation above 0.715. Target 0.639. SHORT bias targets continuation toward support, with resistance as the invalidation level. The stop loss defines the risk level for this setup.
Market Context: BTC is up 0.45% while overall market breadth is negative (77.8% red).
SHORT $ETHFI
SHORT SETUP ETHFI
Entry: $0.68950 - $0.69050
Stop Loss: $0.71500
Take Profit: $0.64000 (2R)
Key Levels: Support $0.67630 | Resistance $0.69940
Technical Analysis for $ETHFI: Price sits under EMA9/21/50, confirming bearish bias. A break below that level supports a short toward the 4hour support 0.6763. Watch 0.6994 for entry; invalidation above 0.715. Target 0.639. SHORT bias targets continuation toward support, with resistance as the invalidation level. The stop loss defines the risk level for this setup.
Market Context: BTC is up 0.45% while overall market breadth is negative (77.8% red).
SHORT $ETHFI