đETHUSDT 4H Market Update
⢠Trend: Bearish
⢠SMA (20): 2262.795
⢠Support: 2234.58
⢠Resistance: 2317.59
⢠Current Price: 2259.19
đStrategy:
The bearish bias is evident as price trades below the 20 SMA, with resistance at 2317.59 limiting upside. The Discount Zone indicates a favorable entry for long positions, but immediate momentum favors a short toward support at 2234.58. The 1:1.5 risk/reward setup supports a controlled short trade, aligning with the bearish trend.
đ Don't forget to follow for more updates! & Your Future Eye
â ď¸ Not financial advice - always DYOR.
Click Here To Trade đ
⢠Trend: Bearish
⢠SMA (20): 2262.795
⢠Support: 2234.58
⢠Resistance: 2317.59
⢠Current Price: 2259.19
đStrategy:
The bearish bias is evident as price trades below the 20 SMA, with resistance at 2317.59 limiting upside. The Discount Zone indicates a favorable entry for long positions, but immediate momentum favors a short toward support at 2234.58. The 1:1.5 risk/reward setup supports a controlled short trade, aligning with the bearish trend.
đ Don't forget to follow for more updates! & Your Future Eye
â ď¸ Not financial advice - always DYOR.
Click Here To Trade đ