$ETH REJECTION AT RESISTANCE – SHORT BIAS FORMING 🔥
Entry: 1,596 - 1,605 🔥
Target: 1,588 🚀
Stop Loss: 1,618 ⚠️
The local resistance near $1,605 has held firm, and momentum is fading on the 15-minute time frame. Price action shows lower highs forming above the recent swing low, suggesting sellers are stepping in as buyers fail to push through. A break below $1,590 would confirm the next leg down.
Volume is declining on each bounce—classic divergence before a move lower. Are you shorting this rejection or waiting for a sweep of the recent low?
Not financial advice. Always manage your risk.
#ETH #ShortSetup #Rejection #SellSetup #Crypto 🔥