Technical analysis by davidjulien369 about Symbol ETH: Sell recommendation (5/30/2025)

Trade Type: Sell-side Trade — ETH/USDTDate: Friday, May 30, 2025Time: 4:30 PM — London Session PMObserved Timeframe: 15minEntry Day TFEntry: 2,616.40Take Profit (TP): 2,508.56 (−4.12%)Stop Loss (SL): 2,631.81 (+0.59%)Risk-Reward Ratio (RR): 7.0📓 Context / Trade Notes:Market Structure: The trade was initiated following a bearish structure, with price action forming lower highs and lower lows, indicating a downtrend. Technical Indicators: The RSI on the 15-minute chart displayed a bearish crossover of moving averages, reinforcing the short position.The take profit level at 2,508.56 was determined based on the next significant support zone, aligning with a previous consolidation area.