$ETH
Current Price: $4020.64
Recent High: $4077.82
Recent Low: $3826.72
Trend: Short-term uptrend (higher highs and higher lows)
Volume: Slightly bullish but not overly aggressive
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ā Long (Buy) Trade Setup
š Buy Entry: $4010 - $4020
(Entry on minor pullback in ongoing uptrend)
šÆ Target 1: $4070
šÆ Target 2: $4100
(Possible retest or breakout above recent high)
š Stop Loss: $3965
(Below last swing low and psychological level)
š§ Reason:
Price is making higher highs and higher lows, confirming uptrend.
ETH bounced off ~$3840 and rallied to ~$4077, showing strength.
Price pulled back and is now stabilizing around $4020, offering a buy-the-dip opportunity.
Risk-to-reward ratio > 1.5, making the trade attractive.
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ā Short (Sell) Trade Setup
š Sell Entry: $4070 - $4080
(Near resistance from recent top)
šÆ Target 1: $4010
šÆ Target 2: $3960
š Stop Loss: $4105
(Above previous high to avoid fakeouts)
š§ Reason:
Strong resistance around $4077-$4080 (last high)
If price rejects this zone again, it may lead to a pullback
RSI likely to be overbought if retested
Favorable short scalping zone with low SL and decent reward