ETH Rejection Incoming? Don’t Fall for This Bull Trap

Yello Paradisers, are you watching how ETH is reacting right now at this key zone? This could either turn into a textbook bearish setup… or catch everyone off guard. Let’s break it down 👇

💎ETHUSDT is currently hovering at a critical resistance area, perfectly aligned with both a key Fibonacci retracement zone and the 200 EMA—classic confluence. What makes it even more concerning is the bearish divergence, which is strengthening the probability of a downside rejection from this level.

💎To add fuel to the fire, the price action has just taken liquidity (inducement) above the previous highs, another bearish signal that supports the idea of a potential reversal from here.

💎However, this bearish bias will be fully invalidated if ETH manages to break and close a candle above the resistance zone. That kind of price action would suggest strength from buyers and a likely continuation to the upside.

💎In that case, it’s wiser to stay patient and wait for a cleaner setup at a better price. Rushing into a trade at this stage, especially in a moment of indecision, is not how pros operate.

If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities.

MyCryptoParadise
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