๐ $ETH ETHUSDT โ Oversold Bounce on the Horizon? Smart Entry Zones Revealed!
๐ Technical Breakdown & Trade Plan
๐ Market Snapshot
Oversold Indicators Flashing Green:
1) Stochastic RSI (8.75): Deep in the oversold zone โ lowest since April.
2) Williams %R (-68.58): Approaching key oversold threshold.
3) RSI (6) โ 47.19: Neutral, but showing reversal potential.
Emerging Bullish Divergence:
1) OBV (+1.12M): Volume increasing during dips = signs of accumulation.
2) Long Sentiment: 68.29% of accounts and 66.43% of positions favoring longs.
Strong Support Levels:
1) $ETH ETH price trading just above the Bollinger Mid Band (~2,597).
20 24h Low of 2,594.50 has held โ suggesting buyer interest.
๐ฏ Trade Setup
โ
Bullish Playbook (70% Confidence)
Entry Zone: 2,600 โ 2,610 (confirmation via green candle preferred)
Targets:
๐ฏ 1st Target: 2,630
๐ฏ 2nd Target: 2,680 (yesterdayโs high)
๐ฏ Final Target: 2,720 (major resistance)
Stop Loss: 2,590 (below Bollinger Mid Band)
๐ป Bearish Backup Plan (30% Probability)
Trigger Point: Breakdown below 2,594.50
Downside Targets:
๐งจ 2,550
๐งจ 2,508 (Bollinger Lower Band)
Stop Loss: 2,620
๐ Risk Management Tips
Leverage: Max 5x โ volatility expected
Position Size: 2โ3% of your portfolio
Confirmations to Watch:
โ Bullish: MACD turns green with strong volume
โ Bearish: Candle closes below 2,594 with heavy sell pressure
๐ง Final Note: ETH is at a technical crossroads. Donโt chase โ let confirmation guide your move!
