$ETH

📊 Technical Analysis:

1. Current Price: $2,497.16

2. Support & Resistance Levels:

Key Support: $2,453

Immediate Resistance: $2,542 and $2,569

3. Moving Averages (MA):

Price is below the MA(7) and MA(25) → Short-term bearish signal.

MA(99) is flat → Market is still in a sideways trend long-term.

4. MACD:

MACD is below the zero line, and the histogram is turning red again.

DIF (4.66) < DEA (5.84) → Bearish crossover is forming.

5. RSI (6):

RSI is very low at 21.86 → Oversold condition, possible short-term rebound.

6. Volume:

Increasing volume on the last red candle → Indicates strong selling pressure.

---

📌 Trading Strategy:

🔴 For SHORT Entry (Sell):

Entry Zone: $2,497–$2,505

Target 1: $2,475

Target 2: $2,453

Stop Loss: $2,525

Reason: Bearish MACD + price rejection near MA(99) signals a downward push.

---

🟢 For LONG Entry (Quick Buy):

Entry Zone: $2,455–$2,465 (wait for a bounce from support)

Target 1: $2,485

Target 2: $2,520

Stop Loss: $2,440

Reason: RSI is oversold → potential for a technical rebound from a strong support area.

#SwingTradingStrategy #XSuperApp #MyTradingStyle #Write2Earn

---

⚠️ Notes:

Avoid heavy entries as the market is still ranging and can produce fake breakouts.

Use lower timeframes (15m & 1h) for confirmation (e.g., candle patterns, volume).