$ETH #MarketPullback 🔍 Chart Pattern & Indicators Analysis:

1. Trend:

Strong downtrend from $2,569 → $2,156 (Lower Highs, Lower Lows).

Price is still below all 3 Moving Averages (MA7, MA25, MA99) → Bearish confirmation.

2. Recent Price Action:

Slight recovery bounce from $2,156 (24h low) to current $2,219.

Current candle testing the MA7 resistance (~$2,220).

3. RSI (Relative Strength Index):

RSI (6) = 44.33 → Neutral zone, but still under 50 → No strong bullish momentum yet.

4. Volume:

Some increased volume on the green candles, but not enough to confirm strong reversal.

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📉 Signal Summary:

✅ Scalping/Short-Term Traders:

Wait for breakout above $2,226–$2,230 (MA7 & last candle high).

➤ Buy Signal on confirmation above that zone with target: $2,270 – $2,300

➤ Stoploss: Below $2,180

🚫 Current Status:

NO clear bullish reversal yet.

Price is still under moving averages.

This bounce could be a lower high in the downtrend.

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📌 Final Suggestion:

Timeframe Action Condition

1H Wait & Watch Only enter if breakout above $2,230

4H+ Still bearish trend unless > $2,300

Agar aap margin ya futures me ho, to tight stoploss rakho kyunke abhi market risky hai.