$ETH

Indicators Reading:

1. Bollinger Bands

The price is below the middle line of the Bollinger Band (MB: 2601).

The lower band (DN: 2522) could now be a potential support.

Meaning: Market pressure is moving downward.

2. RSI (Relative Strength Index)

RSI(6) = 40.59 (moving downward, near the neutral zone)

RSI is above 30 but weak, not overbought, but still showing bearish pressure.

3. Stochastic RSI

Stoch RSI = 1.70 and 9.55 → very low (Oversold zone)

Meaning: The price is down, but a reversal may come.

4. MACD

DIF: 11.79

DEA: 13.88

MACD Histogram = -2.10 (negative)

This indicates bearish divergence, but MACD is now flattening, i.e., signs of reversal are present.

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✅ Entry Point (Buy Zone):

📌 Entry Buy:

2525 - 2550 USDT

(This is near the lower band of the Bollinger Band and Stoch RSI is oversold)

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🎯 Take Profit (TP) Levels:

1. TP1: 2600 USDT (Mid Bollinger Band - MB)

2. TP2: 2680 USDT (Upper Bollinger Band)

3. TP3 (Aggressive): 2718 USDT (previous high)

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🛑 Stop Loss (SL):

SL: 2485 USDT (previous strong support and recent low)

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🔁 Sell Entry (Shorting Zone if available):

If you want to short (sell):

📌 Entry Sell:

2670 - 2680 USDT

(Upper Bollinger Band, where RSI will start to be overbought)

SL (Short): 2715 USDT

TP (Short): 2600 - 2550 USDT

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📘 Summary:

Action Price (USDT) Description

Buy Entry 2525 - 2550 Bollinger lower band and Stoch RSI oversold

SL (Buy) 2485 Previous strong support

TP1 2600 Mid Bollinger Band

TP2 2680 Upper Band

TP3 2718 Previous high