10.13 ETH $ETH Short Setup
Short on a rebound into the 2480–2490 range
It has followed Bitcoin in a synchronized one-way sell-off, dropping sharply from around 2540 to 2407 on heavy volume. The Bollinger Bands are opening downward, and bearish momentum is firmly in control. The slight rebound now is just a pause in the decline, with no real strength for a reversal.
The 2480–2490 area above is resistance at the Bollinger midline, and it was also a former support zone that has turned into resistance. Selling pressure will be heavy if price rebounds there, making it difficult to break through. Set the stop-loss above 2510. The initial take-profit target is 2420–2410; if the previous low breaks, the decline may continue. #Evernorth纳斯达克首日收跌1.05%
Short on a rebound into the 2480–2490 range
It has followed Bitcoin in a synchronized one-way sell-off, dropping sharply from around 2540 to 2407 on heavy volume. The Bollinger Bands are opening downward, and bearish momentum is firmly in control. The slight rebound now is just a pause in the decline, with no real strength for a reversal.
The 2480–2490 area above is resistance at the Bollinger midline, and it was also a former support zone that has turned into resistance. Selling pressure will be heavy if price rebounds there, making it difficult to break through. Set the stop-loss above 2510. The initial take-profit target is 2420–2410; if the previous low breaks, the decline may continue. #Evernorth纳斯达克首日收跌1.05%