๐ฅ $ETH /USDT โ Key Support Bounce in Progress! ๐ฅ
Current Price: $2,536.67 (โ1.68%)
$ETH just bounced cleanly from the critical $2,512 support, printing a bullish engulfing candle on the 15-minute chart! Buyers are showing strength at this demand zone, signaling a short-term reversal. A reclaim of $2,545 could open the door for more upside action toward the $2,560 area.
๐ Trade Setup:
โข Entry Zone: $2,530 โ $2,537
โข ๐ฏ Target 1 (TP1): $2,545
โข ๐ฏ Target 2 (TP2): $2,560 โ
โข โ TP3 removed as per update
โข ๐ก Stop Loss: $2,518
โก Technical View:
Price is reacting sharply from a key support level with strong bullish momentum on lower timeframes. A reclaim of local resistance confirms continuation.
๐ก Risk Note:
Watch for rejection below $2,530. Tight stop ensures low downside if the support fails.
๐ Strategy Breakdown:
This setup plays the bounce off major support with confirmation via bullish price action. The entry aims to catch the early reversal before a potential push toward short-term resistance zones.
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