🪔⚜️ETH/USDT (4H) – Trade Setup

Current price ~3229 | RSI(6) ≈ 33 (near oversold)

🔵 Long (Buy) Setup

Entry Zone: 3180 – 3200

Stop Loss: 3120

Take Profit 1: 3300

Take Profit 2: 3400

Extended TP: 3500 (only if strong bullish continuation)

Reasoning:

ETH has taken a sharp pullback from 3400 resistance and is reacting near a strong demand zone (3150–3200). RSI near oversold suggests a potential relief bounce.

🔴 Short (Sell) Setup (on rejection only)

Entry Zone: 3380 – 3420

Stop Loss: 3485

Take Profit 1: 3280

Take Profit 2: 3180

Reasoning:

3400–3420 is a major supply/resistance area. If price revisits and shows rejection, shorts become valid.

⚠️ Risk Management

Use ≤5x leverage

Risk 1–2% per trade

Wait for 15m / 1h confirmation (wick rejection, engulfing, RSI bounce

#ETH #Market_Update

ETH
ETHUSDT
2,989.4
+1.65%