Technical analysis by GoldMarketKiller about Symbol ETH: Sell recommendation (7/19/2025)

our chart shows a short setup on ETH/USD (Ethereum vs US Dollar) using resistance rejection and target-based risk/reward analysis. Here's a breakdown of what's happening and a trading idea based on it: --- 🔍 Chart Summary: Resistance Zone (around $3,560 - $3,600): Price hit this zone and rejected it. Entry Point: Short position was likely opened after the rejection candle. Target Zone (around $3,300 - $3,310): Marked as the price target. Risk Zone (Stop-loss area): Slightly above the resistance zone. --- 🧠 Trading Idea: 📉 Short Trade Plan: Bias: Bearish (expecting a price drop) Entry Zone: ~$3,550 - $3,580 (after confirmation of resistance rejection) Stop-Loss: ~$3,600+ Take-Profit (TP): ~$3,300 📊 Risk to Reward Ratio (RRR): Risk: ~$50 per ETH Reward: ~$250 per ETH RRR = 1:5 – favorable for a short trade --- ✅ Conditions to Monitor: 1. Bearish Confirmation: Watch for strong bearish candles or breakdown below minor support. 2. Volume: Increase in sell volume = stronger move down. 3. Market Sentiment: Ensure broader crypto sentiment is not overly bullish (check BTC and ETH news). 4. Invalidation: If price closes above resistance, setup is invalid. --- ⚠️ Caution: News or events can quickly reverse technical patterns. Always use proper risk management. Share your feedback in comments section