$ETH 🚀 STRONG BULLISH SIGNS 🚀
📊 ETH Short-Day Trading Strategy (Based on $29,685.23)
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🔍 Chart Overview & Technical Analysis
🔹 Key Support Zones
$29,300 – $29,400 → Minor demand zone (short-term)
$28,950 → Strong historical support
🔹 Key Resistance Zones
$29,850 → Intraday ceiling (previous rejection level)
$30,100 → Major psychological resistance
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📈 Indicators (1H + 15M Timeframes)
RSI: 62 → Slightly bullish, nearing overbought zone
MACD: Bullish crossover on 1H, fading upward momentum
EMA-20/50: ETH is trading above both on lower timeframes
Bollinger Bands: Bands widening → volatility incoming
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⚙️ Trade Setup
🔸 Bullish Scalping Setup
Buy Entry: On breakout above $29,850 (15M candle confirmation)
Target 1: $30,050
Target 2: $30,180
Stop Loss: $29,680
Risk/Reward: ~1:2+
🔸 Dip Buy Setup
Buy Entry: Around $29,300 support zone with bounce confirmation
Target: $29,700
SL: $29,150
RR: 1:2
🔸 Bearish Setup (If Price Rejects $30K)
Short Entry: Below $29,680 with volume spike
Target 1: $29,350
Target 2: $29,100
Risk Assessment
Risk Type Level Comment
Volatility Risk Moderate ~2% swings possible intraday
Overbought Risk Medium RSI approaching 70
Liquidity Risk Low Ample volume and depth
Macro/News Risk Low No scheduled macroeconomic events
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✅ Pro Tips
Set alerts near $30K for potential fake-outs or spikes.
Use trailing stop if price surges past $30,050.
Watch ETH/BTC ratio to spot relative strength shifts.
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📜 Disclaimer
> This analysis is for educational purposes only and not financial advice. Cryptocurrency markets are volatile, and trading involves significant risk. Always do your own research (DYOR) and use proper risk management strategies. Never trade funds you can't afford to lose.