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.
đ Daily: Bearish â daily Supertrend down, price under the 50 EMA
Ⱡ4H: Support/Resistance Reaction · Bearish bias
âł 1H: the 1H is still above the level â the setup only triggers once it loses and holds below it.
đ WHY IT QUALIFIES
â Support/Resistance Reaction structure completed
đ§ Bias: Bearish while price holds below $2,323.50
â ïž Invalidation: 4H close back above $2,323.50
đ” Support $2,323.50 đĄ Resistance $2,402.89
$ETH #SupportResistance
Education only, not financial advice.
đ Daily: Bearish â daily Supertrend down, price under the 50 EMA
Ⱡ4H: Support/Resistance Reaction · Bearish bias
âł 1H: the 1H is still above the level â the setup only triggers once it loses and holds below it.
đ WHY IT QUALIFIES
â Support/Resistance Reaction structure completed
đ§ Bias: Bearish while price holds below $2,323.50
â ïž Invalidation: 4H close back above $2,323.50
đ” Support $2,323.50 đĄ Resistance $2,402.89
$ETH #SupportResistance
Education only, not financial advice.