bearishdivergence

Ethereum traders, pay attention — the charts are flashing bearish warnings that could signal the end of the recent uptrend.
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What I’m Seeing on ETH
Ethereum’s price has been climbing in an upward channel 📈, forming higher highs over the past sessions. However, the Relative Strength Index (RSI) is telling a different story — instead of confirming new highs, RSI has been making lower highs 📉.
This mismatch, known as a bearish divergence, often signals that buying momentum is weakening even though price action is still bullish on the surface 😬.
Now, ETH has broken below the lower trendline of that rising channel 🚨 — a strong technical sign that the uptrend may be losing steam.

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Key Levels to Watch
Entry Price: $4,413.82
Take Profit 1 (TP1): $4,351.58
Take Profit 2 (TP2): $4,211.02
Stop Loss (SL): Adjust to your personal risk tolerance
If selling pressure accelerates, the $3,500–$3,600 support zone 📉 is my broader downside target.
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What TOTAL2 Is Telling Us
For those tracking the TOTAL2 chart (altcoin market cap excluding Bitcoin):
Price has also been moving in a clear rising channel 📈.
RSI is again showing lower highs, confirming weakening momentum 📉.
The price just broke out of the channel to the downside 🚨.
The projected correction could pull TOTAL2 down toward the $1.2 trillion support zone, where previous resistance meets the lower trendline ⬇️.
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Spot Trading Only
This is a spot trading signal — not a futures call.
If you’re looking for futures signals, join my Binance Live. Simply click my profile to get access 🔥.

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💬 Final Thoughts
Bearish divergences are a warning sign, not a guarantee. But when they line up across both ETH and TOTAL2, I pay attention. Manage your risk, respect your stop loss, and trade safe.

#Ethereum #ETH #cryptotrading #BearishDivergence

$MERL #BinanceFam, caution! MERLUSDT is showing some seriously deceptive price action. While it's up +5.6%, the underlying data screams potential reversal. This is a classic "looks can be deceiving" setup. Let's navigate these dangerous waters.

📊 TECHNICAL ANALYSIS: The Hidden Weakness

· 🎯 PRICE ACTION & PATTERNS: The price is attempting to push higher but is facing clear rejection near the $0.145 - $0.146 zone. Crucially, it's struggling to break and hold above key EMAs like the EMA(20) at 0.15021. This could be forming a potential BULL TRAP or a Double Top pattern on the lower timeframes. The last leg up looks exhausted.
· 🕯️ CANDLESTICK CONFIRMATION: Watch for bearish reversal patterns like a Bearish Engulfing candle, a Shooting Star, or a series of Dojis with long wicks at the top of this move. These would signal that buyers are losing control and sellers are stepping in.
· 📉 INDICATOR DIVERGENCE (BEARISH SETUP!):
· RSI (14) is showing a clear BEARISH DIVERGENCE. While price made a higher high, the RSI made a lower high (around ~45). This is a classic warning sign that bullish momentum is waning and a reversal is likely.
· MACD is also concerning. On some timeframes, the histogram is weakening, and the DIF line is struggling to make a higher high, confirming the momentum divergence.
· StochRSI is giving mixed signals but is not in overbought territory, suggesting there's room to move down.

⚡ THE HIGH-LEVERAGE CONTEXT (The Real Story)

This is where the bearish thesis gets strong.

· Funding Rate: This is critical. The funding rate is NEGATIVE (as low as -0.4579%). During a price pump, a deeply negative funding rate is a MASSIVE red flag. It means the market is heavily skewed towards SHORTS, but the price is being artificially pumped. This is a perfect setup for a Long Squeeze reversal. When those longs capitulate, the drop will be sharp.
· Open Interest (OI): OI has been DECREASING during the latest price rise (from ~121M to 93M on the 1h chart). This is BEARISH. It suggests that the price increase is driven by short covering (buying to close) rather than new long positions being opened. This is weak, unsustainable momentum.
· Top Trader Long/Short Ratio: The ratio has been FALLING (from 1.24 to 0.63). This means the smartest traders are rapidly reducing their long exposure and potentially increasing shorts. They are selling into this pump.

🧠 TRADING PSYCHOLOGY: The Trap of Green Candles

You see +5%. Your brain says "Must be strong!" 🤩 That's the trap. The market is designed to lure in retail buyers at the top. The fear of missing out (FOMO) is what fuels the final pump before the dump. The smart move is to see the hidden weakness the pros see. Be fearful when others are greedy.

🎯 YOUR ACCURATE SCALP SIGNAL

Direction: SHORT 🔴 (Counter-Trend / Reversal Play)

· Entry Zone: $0.1450 - $0.1465 (Look for a rejection candle with high volume in this resistance zone. This is your signal to short).
· Take Profit (TP): TP1: $0.1400 | **TP2:** $0.1370 🎯
· Stop Loss (SL): $0.1480 (A break above this level would invalidate the immediate bearish structure and could trigger more short covering). ❌
· Leverage: Suggested 10x-15x (Counter-trend trades are riskier. Use lower leverage and strict risk management.)

💡 Pro Tip: This is a high-risk, high-reward counter-trend play. Wait for the clear rejection signal. Do not short blindly into green candles. Patience is key.

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Disclaimer: This is NOT financial advice. This is an extremely high-risk counter-trend strategy. You can lose your entire investment very quickly. Always Do Your Own Research (DYOR) and trade responsibly.

See the divergence. Trade the hidden trend. Good luck. 🤞

$MERL #MERL #USDT #TradingSignal #Scalping #Short #BearishDivergence #Crypto #TechnicalAnalysis #BinanceSquare #FutureTrading #HighLeverage #Write2Earn #RiskManagement #Contrarian