💥$ETH /USDT Testing Support After a 1.06% Decline!🔥
🌟Current Price: 1,772.11 USDT (1.06%)
🌟24-Hour High: 1,802.82 USDT (Resistance zone).
🌟24-Hour Low: 1,722.90 USDT (Critical support level).
Volume (24H):
🌟ETH: 482,659.12
🌟USDT: 849.85M
⚡ETH is consolidating after a slight decline, hovering near its 24-hour low. Indicators highlight mixed sentiment among traders, with support and resistance levels holding critical importance.
⚡Technical Indicators 🧩
1. RSI: Likely nearing oversold levels, signaling potential for reversal.
2. MACD: Shows bearish momentum; monitor for divergence near key levels.
3. Bollinger Bands: Widened, reflecting increased volatility—watch for possible breakout or breakdown scenarios.
⚡Trading Setup 📝
🎖️Bullish Scenario
Type: Bounce Trade
👉Entry Point: Above 1,775.00 USDT (confirm rebound with rising volume).
👇Take-Profit Targets:
🎯TP1 (1:1): 1,785.00 USDT
🎯TP2 (1:2): 1,800.00 USDT
💢Stop Loss: Below 1,770.00 USDT
🎖️Bearish Scenario
Type: Breakdown Trade
👉Entry Point: Below 1,770.00 USDT (confirm rejection with strong selling pressure).
👇Take-Profit Targets:
🎯TP1 (1:1): 1,755.00 USDT
🎯TP2 (1:2): 1,740.00 USDT
💢Stop Loss: Above 1,775.00 USDT
⚡Risk Management Strategy ⚠️
For Bullish Setup, once TP1 (1,785.00 USDT) is achieved:
Move Stop Loss to Breakeven (Entry Price).
Book 50% of trade quantity to secure gains while holding for extended targets.
For Bearish Setup, reduce risk by adjusting Stop Loss to Entry upon achieving TP1 (1,755.00 USDT).
⚡Key Notes ✍️
1. Confirm breakout/breakdown moves with strong trading volume to avoid false signals.
2. Monitor the 1,802.82 USDT resistance zone; failure to breach might lead to consolidation or pullback.
3. Exercise patience and disciplined risk management to navigate market volatility effectively.
Disclaimer: #DYOR*
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