ETHUSD Bearish Setup: Resistance at Former Support ZoneEthereum / US DollarBINANCE:ETHUSDhammad69918Hello TradingView Community, Here is a technical analysis of a potential short opportunity on the Ethereum / U.S. Dollar (ETHUSD) pair on the 15-minute chart. Analysis: The chart highlights a classic bearish price action pattern known as a "break and retest." We can observe a significant horizontal support level around $4,073.98 that held the price up on several occasions. Recently, the price has broken down decisively below this support zone, indicating a shift in market sentiment. The price has now pulled back to retest this level from below. The expectation is that this former support will now act as new resistance, rejecting the price and leading to a continuation of the downward move. Trade Setup: The short position tool on the chart outlines a potential trade based on this analysis: Entry: Approximately $4,073.98 (at the retest of the resistance line). Stop Loss: $4,155.23 (placed above the resistance level to protect against a false breakdown). Take Profit: $3,826.98 (targeting the next potential area of support). This setup offers a defined risk management plan for a potential bearish continuation. Disclaimer: This is purely a technical idea for educational purposes and should not be considered investment advice. Trading cryptocurrencies involves significant risk. Please perform your own due diligence and manage your risk accordingly.