$ETH

Signal/ Market Analysis

Trading Signal: Long

PositionEntry Point: 2,497.19 (current price)

Take-Profit (TP): 2,520.02 (resistance zone; +22.83 USDT or ~23 pips).

Stop-Loss (SL): 2,467.63 (recent low; -29.56 USDT or ~30 pips).

Risk-to-Reward Ratio: Approximately 1:0.77 (slightly below ideal, but the setup prioritizes safety with a nearby TP).Trade RationaleThe price is at a potential support zone,RSI indicating a possible overs SOLD bounce.A move to the EMA 25 (2,520.02) is a reasonable target for a corrective wave, offering 23 pips of profit.The stop-loss below 2,467.63 protects against a further breakdown while keeping the risk manageable.

Risk Management-The trade aims for a quick scalp with a 23-pip target, which aligns with the user’s goal of 20+ pips.If the price breaks below 2,467.63, the bearish trend may continue, justifying the stop-loss placement.Monitor the trade closely, as the 1-hour chart can be volatile, and exit if bearish momentum resumes