šØ $ETH /USDT ā Breakdown or Bounce Incoming?
Ethereum is hovering at a crucial zone: $2,536.75 (-1.57%) ā Traders, get ready for a potential explosive move! ā”
š¢ LONG TRADE (Bullish Reversal Play)
š Trigger Conditions:
ā Price holds $2,512.00 (24h support)
š¹ Entry: $2,540 (Break and close above MA25)
šÆ Take-Profit Targets:
TP1: $2,553.59 (Minor resistance, +0.7%)
TP2: $2,588.42 (24h high, +2.0%)
TP3: $2,635.50 (Swing high, +3.9%)
š Stop Loss: $2,510 (Just below 24h low)
š“ SHORT TRADE (Bearish Breakdown Play)
š Trigger Conditions:
ā Price rejects $2,536.75
š¹ Entry: $2,525 (Bearish confirmation)
šÆ Take-Profit Targets:
TP1: $2,512.00 (24h low, -0.5%)
TP2: $2,461.18 (Support level, -2.5%)
TP3: $2,425.47 (Key liquidity zone, -4.4%)
š Stop Loss: $2,545 (Above MA7)
Resistance: $2,553.59 ā $2,588.42
Support: $2,512.00 ā $2,461.18
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