OMG ETH...!!!
Right now on your 1-minute ETH/USDT perp chart, the structure shows a short-term uptrend losing momentum. Price pushed up to ~2320 but got rejected with a sharp red candle and a lower wick—this usually signals profit booking + possible short-term pullback. Also, price is hovering around the MA(7) and MA(25), which means the market is entering a decision zone rather than a clear trend.
If buyers defend the 2314–2315 area (near MA99 support), ETH can attempt another push upward. But if this level breaks cleanly, we may see a quick drop toward 2310–2305 liquidity zone.
📊 Current Market Bias
Short-term: Neutral to slightly bearish
Trend structure: Still bullish overall, but weakening
Key Resistance: 2320 – 2325
Key Support: 2314 → 2318
🚀 Long Position Setup (Low-Risk Approach)
Entry Zone: 2312 – 2315 (wait for confirmation like bullish candle / rejection wick)
Stop Loss: 2304 (below strong support to avoid fakeouts)
Take Profit Targets:
TP1: 2322 (previous rejection area)
TP2: 2328 (breakout continuation zone)
TP3: 2335 (strong upside if momentum builds)
⚠️ Risk Management Insight
Do not enter blindly—this is a scalp timeframe (1m), so false signals are very common. Wait for clear bullish confirmation before entering. Keep your position size small and avoid overtrading. If price breaks below 2310 with strong volume, cancel the long idea and reassess.