🚨 $ETHW USDT Trade Alert: Bearish Momentum Building – Short Setup Now! 🚨
The ETHW/USDT pair is currently trading at 0.2608, down -1.44% in the last 24 hours. Price has been respecting a clear descending channel, with multiple rejections from the EMA cluster (8, 13, 21).
We saw a strong rejection from 0.2692 (24h high) and the candle structure shows continued weakness with lower highs and lower lows. The Stochastic (K:55.35, D:52.65, J:60.77) is curling over in the overbought zone, while RSI(6) at 47.26 and RSI(14) at 43.86 are both trending downward, confirming fading bullish momentum.
Forecast: Short Opportunity on ETHWUSDT
Entry: Around current levels 0.2607 – 0.2610
Take Profit 1: 0.2500 (nice psychological level)
Take Profit 2: 0.2392 (previous swing low)
Stop Loss: 0.2695 (above recent 24h high & EMA21)
Risk-reward looks solid with potential 4-6% downside move if the descending trend continues. Volume is healthy at over 799M, supporting the bearish pressure.
This setup aligns perfectly with the overall market structure on Binance. Don’t miss this short scalp or swing trade!
Trade smart, manage risk, and let the charts do the talking.
What’s your take – are you jumping on this short or waiting for more confirmation? Drop your thoughts below 👇
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