📊 Trade Setup: $ETH — Oversold Rebound from Demand Zone

ETH flushed into the 3,050 demand area with RSI dipping below 40 on 4H, indicating short-term exhaustion.

A rebound is possible, but broader structure remains weak below EMA50.

🟢 Long Entry: 3,070–3,100 USDT (on consolidation above demand)

🎯 Take-Profit Targets:

TP1: 3,160 USDT – EMA20 (4H)

TP2: 3,220–3,250 USDT – Prior breakdown zone

🛑 Stop-Loss: ❌ 3,040 USDT (Below demand & BB low)

Risk:Reward ~ 1:2

⚠️ Risk Factors

Trend still bearish on 4H

Weak follow-through volume = exit early

ETH heavily correlated with BTC direction

🚨 Treat as rebound trade, not trend reversal.

#ETH #ETHUSDT #cryptotrading #TechnicalAnalysis #BinanceSquare