$ETHFI #ETHFI 📉
Direction: SHORT 📉
Entry zone: 0.5836 to 0.5859
Stop loss: 0.5935
Target 1: 0.5731
Target 2: 0.5643
Etherfi is trading near 0.5848 dollars, down 4.80 percent in 24 hours, inside a range of 0.5836 to 0.6204. My reading is that price is sitting right on the range low after a hard day, because the recent closes drifted down without a fight, 0.5894, then 0.5868, then 0.5892, then 0.5848, which is steady selling into the low, not a capitulation that usually bounces. 📉 A short from the current zone, with a stop above 0.5935, targets 0.5731 first and then 0.5643 if selling continues. A recovery above 0.5935 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Etherfi fall to 0.5731 first, or recover above 0.5935? 🤔
Follow for more trades.
#Etherfi #Crypto #FuturesTrading #TradingSignals
Direction: SHORT 📉
Entry zone: 0.5836 to 0.5859
Stop loss: 0.5935
Target 1: 0.5731
Target 2: 0.5643
Etherfi is trading near 0.5848 dollars, down 4.80 percent in 24 hours, inside a range of 0.5836 to 0.6204. My reading is that price is sitting right on the range low after a hard day, because the recent closes drifted down without a fight, 0.5894, then 0.5868, then 0.5892, then 0.5848, which is steady selling into the low, not a capitulation that usually bounces. 📉 A short from the current zone, with a stop above 0.5935, targets 0.5731 first and then 0.5643 if selling continues. A recovery above 0.5935 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Etherfi fall to 0.5731 first, or recover above 0.5935? 🤔
Follow for more trades.
#Etherfi #Crypto #FuturesTrading #TradingSignals
