๐ ETH โ HEAVY DOWNTREND & MOVING AVERAGE BREAKDOWN! ๐ป
$ETH (Ethereum) is trading lower at 2,531.50 (-1.15%, or roughly Rs701,149.56), moving within a 24-hour range between a high of 2,586.61 and a low of 2,501.12. Price action on this 4-hour chart displays a continued downside extension away from prior swing levels, currently trading deeply beneath the fast MA(7) (2,558.57), MA(25) (2,652.37), and structural MA(99) (2,682.99) cluster.
๐ QUICK TRADE PLAN โ 4H
๐ด SHORT ENTRY: 2,560.00โ2,620.00 (on relief bounces or retests toward the moving average resistance zone)
๐ STOP LOSS: 2,695.00
๐ฏ TP1: 2,440.00
๐ฏ TP2: 2,350.00
Are you positioning for further downside on Ethereum as it hugs these lower levels, or looking for a reversal base? Let's discuss below! ๐
๐ Trade: $ETH
#ETH #Ethereum #cryptotrading #BinanceSquare #bearish
$ETH (Ethereum) is trading lower at 2,531.50 (-1.15%, or roughly Rs701,149.56), moving within a 24-hour range between a high of 2,586.61 and a low of 2,501.12. Price action on this 4-hour chart displays a continued downside extension away from prior swing levels, currently trading deeply beneath the fast MA(7) (2,558.57), MA(25) (2,652.37), and structural MA(99) (2,682.99) cluster.
๐ QUICK TRADE PLAN โ 4H
๐ด SHORT ENTRY: 2,560.00โ2,620.00 (on relief bounces or retests toward the moving average resistance zone)
๐ STOP LOSS: 2,695.00
๐ฏ TP1: 2,440.00
๐ฏ TP2: 2,350.00
Are you positioning for further downside on Ethereum as it hugs these lower levels, or looking for a reversal base? Let's discuss below! ๐
๐ Trade: $ETH
#ETH #Ethereum #cryptotrading #BinanceSquare #bearish