🔄 Ethereum ($ETH ) Trade Alert: Bounce Play After Pullback**
**📍 Current Price:** **$2,563.01** | *Testing Key Support*
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#### **📊 Price Action Breakdown**
✅ **Recent Move:** Retraced from **$2,600+** → Now stabilizing near **$2,550–$2,560** support.
🔄 **Recovery Signs:** Minor bounce suggests buyers accumulating at this level.
#### **⚖️ Key Levels to Watch**
- **Support:** **$2,550** *(Must hold for bullish case)*
- **Resistance:** **$2,590–$2,600** *(Previous highs)*
- **Breakdown Risk:** Below **$2,540** → Targets **$2,520** next.
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### **🎯 Clean Trade Setup**
**Entry Zone:** **$2,555–$2,560** *(Confirmation: 1–2 bullish 15M closes above $2,560)*
**Take-Profit Targets:**
1. **$2,580** *(Quick scalp)*
2. **$2,600** *(Main target – liquidity zone)*
**Stop-Loss:** **$2,535** *(Below swing low; tight risk management)*
**📌 Risk/Reward:** **~1:2.5** *(Stop: $25 | Target: $60 potential gain)*
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### **🔍 Why This Trade?**
✔ **Technical Edge:** Support retest + potential double-bottom forming.
✔ **Volume Check:** Look for increasing buys near entry zone.
✔ **BTC Correlation:** Monitor Bitcoin for broad market direction.
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### **⚠️ Key Risks**
- **False Bounce:** If ETH struggles to hold **$2,560**, momentum may fade.
- **Low Volume:** Weak recovery = higher chance of retesting **$2,520**.
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### **💡 Trader’s Choice**
- **Aggressive:** Enter now near **$2,560** with tight stop.
- **Conservative:** Wait for clear reclaim of **$2,570** (safer but lower R/R).
**👇 Your Play?**
🔥 **"Longing here – targeting $2,600!"**
🛑 **"Waiting for stronger confirmation."**
💬 **Drop your strategy in replies!**
*(Not financial advice. Trade at your own risk.)*
