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$ETH USDT (1h) - Bearish Flag & Breakdown Continuation
Bias: Short
Entry (Zone): 2,120.00 – 2,140.00
Targets:
TP1: 2,085.00
TP2: 2,050.00
TP3: 2,000.00
Stop Loss: 2,175.00
Why this Setup:
I’m leaning short following a sharp, aggressive sell-off from the 2,190.00 region down to a local low of 2,084.46. The asset is currently forming a weak, low-volume consolidation pattern just above the recent bottom, which resembles a bearish flag structure. With the overall 1-hour trend firmly under seller control and the previous support now flipping into a strong overhead resistance zone, I expect a rejection from this local consolidation leading to a retest and breakdown of the 2,084.46 level.
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