$ETH
Based on the 1-hour ETH/USDC chart, here’s a short-term trade setup assuming a potential bounce from the current oversold condition (StochRSI = 0) and support around $4,375.
⚙️ Trade Type:
Long (Buy) – aiming for a bounce from support with defined targets.
📥 Entry Zone:
$4,380 – $4,420
(Just above the 1H support zone at $4,375 and below the short-term EMA9)
🛑 Stop Loss:
$4,340
(Below the recent low and psychological round number buffer – gives price room to breathe)
🎯 Take Profit Targets:
TP1: $4,490
(Close to EMA(9) and a recent consolidation area — low-risk target)
TP2: $4,560
(Near EMA(21), could act as dynamic resistance)
🧠 Risk-Reward Snapshot:
Risk: ~$40–$80 (depending on entry)
Reward: TP1: ~$70 | TP2: ~$140–180
RRR (TP1): ~1:1.75
RRR (TP2): ~1:3.5+
🟨 Optional Strategy:
Scale out: Sell 50% at TP1, move SL to entry, and let the rest ride to TP2.
Trail stop: Use EMA(9) or a 15–20 point trailing stop once TP1 is hit.
