Sellers showed up exactly where they needed to, turning former support into resistance on a flip retest that's backed by volume well above average.
๐ Daily: Bearish โ daily Supertrend down, price under the 50 EMA
โฑ 4H: Support/Resistance Reaction ยท Bearish bias
โณ 1H: the 1H is still above the level โ the setup only triggers once it loses and holds below it.
๐ WHY IT QUALIFIES
โ Support/Resistance Reaction structure completed
๐งญ Bias: Bearish while price holds below $2,323.50
โ ๏ธ Invalidation: 4H close back above $2,323.50
๐ต Support $2,323.50 ๐ก Resistance $2,402.89
$ETH #SupportResistance
Education only, not financial advice.
๐ Daily: Bearish โ daily Supertrend down, price under the 50 EMA
โฑ 4H: Support/Resistance Reaction ยท Bearish bias
โณ 1H: the 1H is still above the level โ the setup only triggers once it loses and holds below it.
๐ WHY IT QUALIFIES
โ Support/Resistance Reaction structure completed
๐งญ Bias: Bearish while price holds below $2,323.50
โ ๏ธ Invalidation: 4H close back above $2,323.50
๐ต Support $2,323.50 ๐ก Resistance $2,402.89
$ETH #SupportResistance
Education only, not financial advice.