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$ETH (1h) - Bearish Retest Short
Bias: Short
Entry (Zone): 1,600 - 1,625
Targets:
TP1: 1,560
TP2: 1,525
TP3: 1,475
Stop Loss: 1,665
Why this Setup:
I see ETH recovering into a prior breakdown area after a sharp selloff, but momentum is still weak and the bounce looks corrective. I want to short into this retest for a continuation move lower if price fails to reclaim the 1,625 area.