๐ $ETH Trade Setup: Long and Short Opportunities
๐ข Long (Buy) Setup:
Ethereum is showing a potential buy signal if it stays in the $2,525โ$2,530 range.
Entry Range: $2,525 to $2,530
Stop Loss: Place just below the recent support zone and moving average at $2,495
Profit Targets:
Target 1: $2,546 (recent high)
Target 2: $2,551โ$2,555 (near 99 MA resistance level)
๐ด Short (Sell) Setup:
If ETH fails to push through the $2,546โ$2,550 resistance and shows rejection (like a wick or bearish candle), it could be a chance to short.
Entry Trigger: Rejection below $2,546โ$2,550
Stop Loss: Above the resistance at $2,558
Profit Targets:
Target 1: $2,510 (mid-range level)
Target 2: $2,483โ$2,485 (recent low area)