August 1, 2025 @ 06:25 PKT), here’s a technical analysis and trading suggestion:
# Trade Options for #ETH
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🧾 Chart Summary
• Price: $3,682.63
• Trend: Bearish to Neutral
• Market Structure: BOS (Break of Structure) indicates a prior support break
• Volume Profile:
• High activity resistance zone: $3,833 – $3,906
• Low-volume area near $3,591 support
📉 Bearish Signals
• Price is trading below key EMAs and in the lower volatility band (green zone), suggesting downward momentum.
• Repeated rejection candles near $3,700 indicate selling pressure.
• BOS confirms bearish market structure.
• Lower RSI bands (around 17–24) signal oversold, but no strong bullish divergence yet.
• MACD/oscillator at the bottom remains weak or neutral.
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✅ Trade Suggestions
🔻 Short-Term Bias: Bearish
• Scalp Short Entry (if volume builds and candle closes below $3,664):
• Entry: $3,664
• Stop Loss: $3,700
• Take Profit 1: $3,628
• Take Profit 2: $3,592 (if extended dump)
🔼 Long Scalping Opportunity (Only if bullish structure forms)
• Watch for a candle close above $3,700 with strong volume and MACD uptick.
• Entry: $3,711–$3,728
• Stop Loss: $3,664
• TP1: $3,749
• TP2: $3,833 (liquidity zone)
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⚠️ Risk Management
• Use less leverage due to volatility.
• Wait for candle confirmation to avoid fakeouts.
• Ideal for scalping or short intraday setups only — market still indecisive on larger timeframes. Must
Its my analaysis not a financial advice
