🚨 ETH/USDT – OVERSOLD BOUNCE CANDIDATE 🚨
📅 Date: April 23, 2025
💲 Current Price: 1,781.22 USDT
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🟢 Scenario 1: Aggressive Long (Breakout Play)
• Trigger: Close above 1,802.43 (EMA 25) with volume surge
• Entry Zone: 1,802.43–1,820.00
• Take-Profit Targets:
– TP1: 1,834.86 (24h high)
– TP2: 1,841.92 (next resistance)
• 🛑 Stop-Loss: 1,756.94 (EMA 99 support)
Key Confluence:
– RSI(6): 26.39 (oversold)
– StochRSI: 11.68 (extremely oversold)
– Williams %R: –94.96 (max oversold)
– Volume: 1.97B USDT (strong participation)
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🔵 Scenario 2: Conservative Long (Confirmation Play)
• Trigger: Bullish reversal candle (e.g., hammer, engulfing) near 1,756.94 (EMA 99)
• Entry Zone: 1,756.94–1,770.00
• Take-Profit Targets:
– TP1: 1,802.43 (EMA 25)
– TP2: 1,834.86 (24h high)
• 🛑 Stop-Loss: 1,683.08 (24h low)
Key Confluence:
– Wait for RSI(6) > 30 & StochRSI > 20
– Confirm with rising volume
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🔴 Risk Scenario: Bearish Continuation
• Trigger: Close below 1,756.94 (EMA 99)
• Entry Zone: 1,683.08–1,756.94
• Take-Profit Target: 1,683.08 (24h low)
• 🛑 Stop-Loss: 1,781.22 (current price)
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⚠️ Risk Management:
• Position size ≤2% of capital
• Tight SLs due to volatility
• Confirm entries with volume spikes & momentum shifts
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📝 Educational content only. Always DYOR & verify with live data before trading.
