💥$ETH Testing Support After a Modest Drop!🔥
🌟Current Price: 1,768.70 USDT (-1.52%)
🌟24-Hour High: 1,834.86 USDT (Key resistance level)
🌟24-Hour Low: 1,758.00 USDT (Critical support zone)
Volume (24H):
🌟ETH: 767,444.90
🌟USDT: 1.38B
⚡ETH is consolidating near its 24-hour low, showing signs of caution among traders. Key indicators, like RSI and MACD, suggest potential for sideways movement, with slight bearish pressure as the price nears support.
⚡Trading Setup🤑
🎖️Bullish Scenario
Type: Reversal Trade
👉Entry Point: Above 1,775 USDT (Confirm bounce with increasing volume)
👇Take-Profit Targets:
🎯TP1 (1:1): 1,790 USDT
🎯TP2 (1:2): 1,805 USDT
💢Stop Loss: Below 1,765 USDT
🎖️Bearish Scenario
Type: Continuation Trade
👉Entry Point: Below 1,760 USDT (Confirmed breakdown with strong selling pressure)
👇Take-Profit Targets:
🎯TP1 (1:1): 1,745 USDT
🎯TP2 (1:2): 1,730 USDT
💢Stop Loss: Above 1,770 USDT
⚡Risk Management Strategy⚠️
For Bullish Setup, once TP1 (1,790 USDT) is achieved:
Move Stop Loss to Breakeven (Entry Price)
Secure 50% of your trade quantity, ensuring room for further gains
Similarly, for Bearish Setup, lock in profits and minimize risks after reaching TP1 (1,745 USDT)
⚡Key Observations🗝️
1. Volume Confirmation: Validate breakout or breakdown moves with strong trading volume to avoid false signals.
2. Monitor the 1,834.86 USDT resistance level — a breach could open doors to more bullish activity.
3. Adjust your strategy based on broader market sentiment and ETH’s price dynamics
Disclaimer: #DYOR*
Buy Or Trend With Me On $ETH
