$ETH Short Setup 🔻 | Rejected at the $2,800 Wall
Ethereum ran from about $1,900 in August up to the $2,800 zone, and that's where the rally got rejected.
Since then price has dropped hard with a big red daily candle on heavy volume. That tells me sellers are in control of this resistance zone.
📊 ETH/USDT Trade Plan (Daily Chart)
🔴 Entry: $2,575 (on a bounce/retest)
🛑 Stop Loss: $2,803
🎯 Target: $1,990
⚖️ Risk:Reward ≈ 1:2.5
My view: I expect a small relief bounce toward $2,575–$2,610. If it gets rejected there, the next move is a drop toward $2,200 and then $2,000.
⚠️ Invalidation: if ETH breaks and holds above $2,800, this idea is wrong, so respect your stop loss.
Always manage your risk and never use more than 1–2% of your capital on one trade. 💡
Do you think ETH drops to $2K, or breaks the resistance? Tell me in the comments 👇
Not financial advice. Do your own research.
#ETH #Ethereum #TradingSignals #CryptoTrading #BinanceSquareBTC
Ethereum ran from about $1,900 in August up to the $2,800 zone, and that's where the rally got rejected.
Since then price has dropped hard with a big red daily candle on heavy volume. That tells me sellers are in control of this resistance zone.
📊 ETH/USDT Trade Plan (Daily Chart)
🔴 Entry: $2,575 (on a bounce/retest)
🛑 Stop Loss: $2,803
🎯 Target: $1,990
⚖️ Risk:Reward ≈ 1:2.5
My view: I expect a small relief bounce toward $2,575–$2,610. If it gets rejected there, the next move is a drop toward $2,200 and then $2,000.
⚠️ Invalidation: if ETH breaks and holds above $2,800, this idea is wrong, so respect your stop loss.
Always manage your risk and never use more than 1–2% of your capital on one trade. 💡
Do you think ETH drops to $2K, or breaks the resistance? Tell me in the comments 👇
Not financial advice. Do your own research.
#ETH #Ethereum #TradingSignals #CryptoTrading #BinanceSquareBTC