ETH
š Technical Analysis (15m)
ā½ETH experienced a sharp drop from approximately 4950 to 4720, with a strong rejection at 4720, indicating buyer defense.
ā½The price is below short-term EMAs, suggesting bearish sentiment, but is bouncing from the 200 EMA, which acts as major support.
ā½A volume spike during the price drop suggests a stop-hunt or liquidation move, with buyers stepping in at the dip, indicating a potential rebound.
ā½The RSI dropped to 45, near oversold levels, and is turning upwards, suggesting a possible bounce.
š Scalp Trading Signal (ETH/USDT)
Entry (Long scalp):
ā
4780 ā 4810 (current zone, after small pullback).
Stop-loss (SL):
š“ Below 4715 (under 200 EMA & recent wick support).
Take-profit (TP):
šÆ TP1: 4860 (near EMA resistance)
šÆ TP2: 4910 ā 4930 (strong resistance zone / previous breakdown point)
Risk ā -70 pts (SL: 4715)
Reward ā +100 to +120 pts ā 1:1.5 to 1:2
ā ļø Alternative Setup (Short scalp if bounce fails)
Entry: If ETH rejects 4860 ā 4910 zone with weakness.
SL: Above 4950.
TP: 4740 ā 4720 retest.
ā
Summary:
Scalp bias is bullish from 4780ā4810 with target 4860 ā 4910 and SL below 4715. But if ETH fails to reclaim above 4910, a quick short scalp back to 4740 can also be played.
š£ āIt is advisable not to utilize higher leverage. Always remember that by safeguarding your capital in trading, you will consistently emerge as the victor.
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