🚀#ETHUSDT : Oversold Bounce Imminent? Strategic Entries Here!
Analysis & Trade Setup
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🔍 KEY OBSERVATIONS
1. Oversold Signals:
- STOCHRSI (8.75): Extreme oversold (lowest since April).
- Williams %R (-68.58): Near oversold territory.
- RSI(6) at 47.19: Neutral but primed for reversal.
2. Bullish Divergence:
- OBV (+1.12M): Rising volume on dips → accumulation!
- Long Dominance: Accounts (68.29% long) & Positions (66.43% long).
3. Critical Support:
- Price hovering ABOVE Bollinger Middle Band (2,597.73).
- 24h Low (2,594.50) held strong → buyer defense.
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🎯 TRADE STRATEGY
✅ BULLISH ENTRY (70% Probability):
- Entry: 2,600 - 2,610 (current zone + green candle confirmation).
- Targets: 2,630 → 2,680 (24h high) → 2,720** (upper resistance).
- Stop Loss: 2,590 (below Middle Band).
🔻 BEARISH CONTINGENCY (30% Probability):
- Trigger: Break below 2,594.50 (24h low).
- Targets: 2,550 → 2,508 (Bollinger Lower Band).
- Stop Loss: 2,620.
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📊 RISK MANAGEMENT
- Leverage: ≤ 5x (volatility spike warning!).
- Position Size: 2-3% capital.
- Key Confirmations:
- Bullish: MACD flips green & volume surge.
- Bearish: Close below 2,594 with high sell volume.
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#ETH #BullishBounce #Oversold #CryptoEntry
Disclaimer: Monitor MACD (-0.05) for momentum shift. Trade with stops! 🔄
