he chart presents a bearish outlook for Ethereum against USDT, confirmed by both price action and the RSI Divergence Indicator. The market has been forming lower highs and is struggling to maintain support, suggesting downward pressure.
A Sell Stop order is planned at $2,463, just below the current support range, to capture downside momentum if the level is breached. This cautious approach helps avoid false breakouts.
The trade plan is defined as follows:
Sell Stop: $2,463
Stop Loss (SL): $2,555 – set above a previous swing high and resistance level
Take Profit 1 (TP1): $2,347 – aligned with the next significant support zone
The RSI is at 36.44, edging close to the oversold threshold of 30, but still showing room for further decline. Previous bearish divergences (highlighted on the RSI chart) support the potential continuation of the downward move.
If the price breaks the $2,463 level, it could trigger accelerated selling pressure, aiming toward the TP zone. However, traders should monitor RSI behavior and volume confirmation for conviction.
This setup offers a risk-managed short trade within a broader downtrend structure, using technical levels supported by historical price reactions.
A Sell Stop order is planned at $2,463, just below the current support range, to capture downside momentum if the level is breached. This cautious approach helps avoid false breakouts.
The trade plan is defined as follows:
Sell Stop: $2,463
Stop Loss (SL): $2,555 – set above a previous swing high and resistance level
Take Profit 1 (TP1): $2,347 – aligned with the next significant support zone
The RSI is at 36.44, edging close to the oversold threshold of 30, but still showing room for further decline. Previous bearish divergences (highlighted on the RSI chart) support the potential continuation of the downward move.
If the price breaks the $2,463 level, it could trigger accelerated selling pressure, aiming toward the TP zone. However, traders should monitor RSI behavior and volume confirmation for conviction.
This setup offers a risk-managed short trade within a broader downtrend structure, using technical levels supported by historical price reactions.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.