$ETH /USDT Short Forecast · Bias: SHORT (Local Distribution & Breakdown Confirmation)
Clear distribution pattern forming below the 2,700 level following multiple upper rejection wicks on the 15m timeframe! Price has broken down from the local consolidation with a strong bearish engulfing candle, signaling strong seller control and setting up a steep drop toward lower liquidity zones and the 24h Low! 🔻📉
Trade Setup:
Position: SHORT $ETH
Entry Zone: 2,678 – 2,688
Stop Loss (SL): 2,712 (Clean invalidation above the 24h High at 2,708.95)
Take Profit Targets:
TP1: 2,660 (Immediate local consolidation base)
TP2: 2,645 (Mid-range support and liquidity pool)
TP3: 2,634 (Retesting near the 24h Low at 2,634.00)
TP4: 2,620 (Extended breakdown expansion target)
Clear distribution pattern forming below the 2,700 level following multiple upper rejection wicks on the 15m timeframe! Price has broken down from the local consolidation with a strong bearish engulfing candle, signaling strong seller control and setting up a steep drop toward lower liquidity zones and the 24h Low! 🔻📉
Trade Setup:
Position: SHORT $ETH
Entry Zone: 2,678 – 2,688
Stop Loss (SL): 2,712 (Clean invalidation above the 24h High at 2,708.95)
Take Profit Targets:
TP1: 2,660 (Immediate local consolidation base)
TP2: 2,645 (Mid-range support and liquidity pool)
TP3: 2,634 (Retesting near the 24h Low at 2,634.00)
TP4: 2,620 (Extended breakdown expansion target)
