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$ETH $ETHUSDT | 1h | Bearish Rejection Setup
Bias: Short
Entry Zone: 2120.00 to 2124.00
Stop Loss: 2133.50
Targets:
TP1: 2112.50
TP2: 2106.50
TP3: 2098.50
Invalidation:
Close above 2133.50
Why This Setup:
I’m seeing repeated failure to reclaim the 2130 area after a sharp selloff, with price still trading below nearby intraday resistance. The move looks like a lower-high rejection inside a broader bearish structure, so I’m favoring a fade into support with room to extend if sellers stay in control.
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