Market: Ethereum / USD
Timeframe: Intraday (30M)
Current Price: 3105
Trade Bias
📉 Bearish (Sell Only) while price remains below 3160
Trade Plan
Sell Zone: Below 3160
Target 1: 3029
Target 2: 2993
Extended Target: 2956 (if selling momentum continues)
Stop Loss: Above 3222
Technical Reasoning
Price is trading below key resistance at 3160
RSI is below 50, showing weak bullish strength
MACD is negative and below its signal line
Price is trading below 20 & 50 moving averages
Pullbacks toward resistance may offer sell continuation entries
Invalidation
❌ If price breaks and closes above 3160, the bearish setup becomes invalid
Risk Management (House Rule)
Risk only 1–2% per trade
Always wait for candle confirmation
Avoid over-trading and emotional decisions
Disclaimer
This analysis is for educational purposes only.
I am not a financial advisor.
Crypto markets are highly volatile. Trade at your own risk
