#$ETH
๐จ ETH/USDT โ OVERSOLD BOUNCE CANDIDATE ๐จ
๐ Date: April 23, 2025
๐ฒ Current Price: 1,781.22 USDT
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๐ข Scenario 1: Aggressive Long (Breakout Play)
โข Trigger: Close above 1,802.43 (EMA 25) with volume surge
โข Entry Zone: 1,802.43โ1,820.00
โข Take-Profit Targets:
โ TP1: 1,834.86 (24h high)
โ TP2: 1,841.92 (next resistance)
โข ๐ Stop-Loss: 1,756.94 (EMA 99 support)
Key Confluence:
โ RSI(6): 26.39 (oversold)
โ StochRSI: 11.68 (extremely oversold)
โ Williams %R: โ94.96 (max oversold)
โ Volume: 1.97B USDT (strong participation)
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๐ต Scenario 2: Conservative Long (Confirmation Play)
โข Trigger: Bullish reversal candle (e.g., hammer, engulfing) near 1,756.94 (EMA 99)
โข Entry Zone: 1,756.94โ1,770.00
โข Take-Profit Targets:
โ TP1: 1,802.43 (EMA 25)
โ TP2: 1,834.86 (24h high)
โข ๐ Stop-Loss: 1,683.08 (24h low)
Key Confluence:
โ Wait for RSI(6) > 30 & StochRSI > 20
โ Confirm with rising volume
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๐ด Risk Scenario: Bearish Continuation
โข Trigger: Close below 1,756.94 (EMA 99)
โข Entry Zone: 1,683.08โ1,756.94
โข Take-Profit Target: 1,683.08 (24h low)
โข ๐ Stop-Loss: 1,781.22 (current price)
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โ ๏ธ Risk Management:
โข Position size โค2% of capital
โข Tight SLs due to volatility
โข Confirm entries with volume spikes & momentum shifts
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๐ If you like this signal, click on Trade Now
๐ Educational content only. Always DYOR & verify with live data before trading.