$ETH
📈 Trade Setup: Swing to Positional Long
Bias: Mid-to-Long Term Bullish Reversal (1–3 weeks hold)
Entry Zones
Buy Zone (Dip): $1725 – $1745 (support near MA cluster)
Aggressive Entry: Current price ~$1768.34 (expect short-term resistance around $1800)
🎯 Targets
Target 1: $1850 – Upper BB + psychological resistance
Target 2: $1980 – old breakdown level (January)
Target 3: $2150 – start of major downtrend zone
🛑 Stop-Loss
Conservative SL: Below $1650 (just under MA cluster and Bollinger mean)
Tighter SL: $1690 (if closer to current entry)
🔄 Summary Strategy: Trend Reversal + Bollinger Band Expansion
You're seeing:
A reversal attempt after prolonged downtrend
MACD and RSI momentum building
Price breaking out of a Bollinger Band squeeze
Entry on pullback offers optimal R/R for a medium-term long position