$ETH
Based o chart ETH/USDC on a 12h timeframe, here’s a potential trade setup using technical indicators like EMA, MACD, Volume, and Stochastic RSI:
🔍 Trade Setup (Short-Term Swing Trade)
📈 Trend Overview:
ETH recently hit a high of $4,791.31 but is now retracing.
Current price: $4,528.90
Strong uptrend observed from $3,354.07 to recent high.
Pullback currently testing the EMA(9) at $4,483.95 — a potential support zone.
MACD still bullish but flattening, Stoch RSI is crossing down = short-term weakness.
📥 Entry Zone:
$4,430 – $4,500
Look for bullish candlestick patterns near EMA(9) or slightly lower at EMA(21) ($4,229.66) for a safer entry. Wait for bounce confirmation.
🛑 Stop Loss:
$4,180
Below EMA(21) and recent consolidation support. If price breaks below, trend may reverse short-term.
🎯 Targets:
TP1: $4,700
Near previous high resistance.
TP2: $4,850 – $4,900
Potential breakout zone if bulls regain momentum.
📊 Confluence:
EMAs show strong bullish alignment (EMA9 > EMA21 > EMA50).
Volume confirms accumulation phase.
Stoch RSI cooling off, which may signal a better entry soon.
MACD still positive but monitor for bearish crossover.
📝 Strategy Summary:
Bias: Bullish (with short-term correction)
Risk-to-Reward: ~1:2.5 (if entered near $4,450)
Confirmation Needed: Bullish reversal candle or Stoch RSI turning back up.
