ETHUSD - 30m - Bearish SetupTechnical Analysis:
Trend: ETHUSD has broken key support on the 30-minute timeframe, confirming bearish momentum.
Price Action: The break of the support level suggests further downside movement.
Target Zone: Price is expected to continue the bearish move toward 2760, aligning with previous structure support.
RSI: Confirming bearish momentum with no divergence on this timeframe.
Trade Setup:
Entry Point: Enter a sell position at the Fib 0.5 levels .
Stop Loss (SL): Place above the broken support level to protect against false breakouts.
Take Profit (TP):
TP1: 2800 (first key level for partial profits).
TP2: 2760 (final target based on bearish move projection).
This setup assumes ETHUSD will respect the breakdown and continue its bearish momentum. Let me know if you'd like specific entry, SL, and TP price levels!