$ETH
Bullish Divergence Spotted
📈 Chart Analysis:
A clear bullish divergence is forming on the$ETH chart. While price made lower lows, the RSI indicator printed higher lows. This classic signal often precedes a potential trend reversal or a significant pullback.
🎯 Trade Setup (Potential Long):
· Entry Zone: $3,500 - $3,550 (Look for a bullish confirmation candle closing above this zone)
· Stop-Loss: Below $3,400 (Invalidates the setup)
· Take-Profit Targets:
· TP1: $3,750
· TP2: $3,900
· Risk/Reward: ~1:2.5 (Favorable)
💡 Risk Management:
· Never risk more than 1-3% of your capital on a single trade.
· Always wait for candle close confirmation before entering.
· Monitor overall market sentiment.
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This is not financial advice. Always do your own research (DYOR) before trading.