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STETH

STETH Bulls About to Get Trapped? Yello Paradisers, can you feel it? This breakout looks clean… but the trap might be even cleaner. 💎#STETHUSDT is currently pressing into a critical supply zone, and while the recent breakout from the channel looks solid on the surface, we’re watching closely for signs of bullish exhaustion. Price has been climbing steadily within a tight ascending channel, respecting both support and resistance levels precisely. 💎However, it has now entered a key supply area, aligning with strong historical rejection levels and pushing right into a zone where sellers previously took control. 💎Despite the aggressive move upward, the structure shows potential for a fakeout breakout, the kind that grabs late longs, sweeps liquidity, and then collapses. 💎A confirmed rejection from this supply zone around $2,940–$2,980 would be the first signal of a likely reversal toward minor support at $2,700, and potentially even deeper into the major support zone at $2,536. 💎Invalidation of the bearish bias comes only with a sustained breakout and daily close above $3,148.80, which would reintroduce bullish continuation targets. Stay sharp, the setup is clean, but it’s also a classic trap zone. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
STETHUSDT on the Brink of a Breakout or Breakdown?Yello, Paradisers! Are we about to witness a massive breakout on STETHUSDT, or is a retracement in the cards? Let’s dive into the key levels and patterns to watch closely 👇 💎STETHUSDT has recently flashed a bullish Change of Character (CHoCH), along with forming a Cup & Handle pattern, and is now approaching the crucial resistance trendline. This setup hints at a potential bullish move, but the critical question is: Will it break through, or reverse? 💎If STETHUSDT breaks the resistance trendline and resistance zone, it would significantly increase the probability of a strong bullish move. 💎On the flip side, if we see a retracement, we can expect a bounce from the support zone. However, we will need confirmation through a bullish Internal CHoCH (I-CHoCH) to stack the odds in our favor before considering a long position. 💎If there's a breakdown and a candle closes below the support zone, it will invalidate our bullish outlook. In that case, it’s better to sit tight and wait for clearer price action before making any moves. 🎖Trade smart, Paradisers. Discipline and patience are key here. Wait for confirmation before diving in, and always play it safe when the market shows uncertainty. Stay focused and let the setup come to you. This is how pros make it in the long run! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
STETH/USDT Bullish Retest on the Horizon👀 🚀 💎 Paradisers, it's time to focus on #STETHUSDT as it showcases a notable pattern. After breaking out of its descending channel, STETH is now approaching a crucial retest point, with strong indications of a bullish move ahead. 💎 Historically, #STETH has adhered to a descending channel trajectory. Currently, having broken above, it's poised to retest the channel trendline. There's a substantial probability of a bullish movement initiating from the demand level of $1876. Following a successful retest, CRYPTOCAP:STETH aims to target resistance levels, first at $2312. 💎 For the sagacious Paradisers, timing remains a critical factor. It's essential to pinpoint the right moments for entry during this anticipated rise, while consciously avoiding entry at the peak. Furthermore, it's important to consider the scenario where STETH might fall below the $1867 demand level. In such a situation, a bullish resurgence from the support level of $1747 could be expected. However, dropping below this support could raise questions about the potential for a continued upward trajectory. 💎 Navigating these market changes calls for strategic thinking and decision-making. Implementing a comprehensive trading strategy, with an emphasis on money management and an understanding of support and resistance levels, is crucial for achieving successful trading results.
Long
by MyCryptoParadise