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Struggler974
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$ETH
has surged following the last two FOMC decisions... ๐
Will history repeat itself this time?
#ETH
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$BTC Trade Setup โ Short Bias on Rebound Idea: Price is bouncing after a sharp drop but is still below all key moving averages. The $116,100โ$117,500 zone is a strong resistance where sellers may re-enter. Entry Zone (Short) $116,050 โ $116,800 (Aligns with MA(7) & just below MA(25), likely sell zone) Stop Loss Above $117,600 (Above MA(25) and resistance; invalidates short thesis if broken) Targets Target 1: $115,000 (quick pullback level) Target 2: $114,100 (recent swing low) Target 3: $113,000 (next key support if $114K breaks) Risk/Reward RR: ~1:2.5 if aiming for Target 2 Low-risk setup as it shorts into resistance with clear invalidation. Notes If $BTC breaks and holds above $117,600 with volume, switch to long bias targeting $118,800 โ $119,500. Watch RSI โ if it starts rising toward 50 with high volume, sellers may lose control earlier than expected. #BTC
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๐ฅ LATEST: August is packed with crypto events. From DeFi, RWA and BTC, thereโs something for everyone. #MarketPullback
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JUST IN: ๐บ๐ธ President Trump slams Fed Chair Jerome Powell "Too Little, Too Late. Jerome 'Too Late' Powell is a disaster. DROP THE RATE! The good news is that Tariffs are bringing Billions of Dollars into the USA!" #TrumpTariffs
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โก๏ธDespite $ETH trading near its March highs, investor profits are much lower, suggesting room to run, with similar conditions now pointing to a potential $4.9K target. #ETH
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#ALTSEASON IS COMING! ๐
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