đ $ETH /USDT â Sell Signal (4H Supply Zones)
Current Price: 2,911 USDT
Trend Context: Still in a corrective bounce after forming a lower low at 2,623.
Price is approaching two strong supply zones where sellers previously dominated. These are the best âSell the bounceâ levels.
đ» Sell Zone 1 (High Probability â Nearest Supply)
Zone: 2,995 â 3,030 USDT
This is the first reaction zone where price previously consolidated before dropping sharply.
Trade Plan (Zone 1):
Sell: 2,995 â 3,030
SL: 3,090 (above zone wick)
TP1: 2,880
TP2: 2,820
TP3: 2,750
TP4: 2,630 (major target)
đ» Sell Zone 2 (Strongest Supply â Best R/R)
Zone: 3,220 â 3,260 USDT
This is the strongest bearish origin zone (your red box), where the major drop began from 3,658.
Trade Plan (Zone 2):
Sell: 3,220 â 3,260
SL: 3,330
TP1: 3,030
TP2: 2,880
TP3: 2,750
TP4: 2,630 (completion of full downward leg)
đ Summary
â ETH is bouncing into two major supply zones
â Both areas produced strong sell-offs before
â Best probability is selling from the upper zone, but both are valid
â Targeting continuation toward 2,630 if structure repeats