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Conversely, if it rebounds back to 2320 and moves sideways, be cautious with short positions to avoid being caught by a false breakout.
📊 Pair: ETH/USDT Perpetual
⏱ Timeframe: 1 Hour
📉 Bias: SHORT (Bearish)
🔴 Entry Zone: $2,314 – $2,320
🎯 Take Profit: $2,252
🛡 Stop Loss: $2,345
📈 Analysis:
Price rejected from $2,423 high and is now trading below MA5 (2,317), MA10 (2,318), and MA30 (2,319). All moving averages are tightly clustered between $2,317–$2,320, forming a strong resistance zone. Bearish structure is confirmed. Expecting further downside continuation towards $2,252 support level.
⚠️ This is not financial advice. DYOR.
#WCTCTradingKingPK #CryptoMarketSeesVolatility #rsETHAttackUpdate