đ ETH â SHARP BREAKDOWN & BEARISH MOMENTUM ACCELERATION! đ»
$ETH (Ethereum) is trading lower at 2,608.00 (-3.49%, or roughly Rs722,103.04), moving within a 24-hour range between a high of 2,725.00 and a low of 2,587.66. Price action on this 4-hour chart displays a heavy impulsive breakdown dropping away from the local swing high, currently plunging underneath the fast MA(7) (2,674.97), MA(25) (2,693.04), and structural MA(99) (2,695.39) cluster.
đ QUICK TRADE PLAN â 4H
đŽ SHORT ENTRY: 2,650.00â2,690.00 (on relief bounces or retests toward the broken moving average resistance zone)
đ STOP LOSS: 2,735.00
đŻ TP1: 2,550.00
đŻ TP2: 2,460.00
Are you shorting this Ethereum breakdown lower, or waiting for a stabilization sign near key support? Let's discuss below! đ
đ Trade: $ETH
#ETH #Ethereum #cryptotrading #BinanceSquare #bearish
$ETH (Ethereum) is trading lower at 2,608.00 (-3.49%, or roughly Rs722,103.04), moving within a 24-hour range between a high of 2,725.00 and a low of 2,587.66. Price action on this 4-hour chart displays a heavy impulsive breakdown dropping away from the local swing high, currently plunging underneath the fast MA(7) (2,674.97), MA(25) (2,693.04), and structural MA(99) (2,695.39) cluster.
đ QUICK TRADE PLAN â 4H
đŽ SHORT ENTRY: 2,650.00â2,690.00 (on relief bounces or retests toward the broken moving average resistance zone)
đ STOP LOSS: 2,735.00
đŻ TP1: 2,550.00
đŻ TP2: 2,460.00
Are you shorting this Ethereum breakdown lower, or waiting for a stabilization sign near key support? Let's discuss below! đ
đ Trade: $ETH
#ETH #Ethereum #cryptotrading #BinanceSquare #bearish