#TradeOfTheDay #MarketPullback #USNationalDebt #SwingTradingStrategy #IfYouAreNewToBinance
🪙 Ethereum (ETH/USDT) – Strong Buy Setup
📉 Key Technicals:
Double Bottom Formation at ~$2,460 (first bottom) and ~$2,470 (second bottom) seen on the 4‑hour chart chartink.com+5binance.com+5tradingsim.com+5.
RSI is currently below 20, signaling extreme oversold conditions.
Price is at or slightly below the lower Bollinger Band, highlighting an oversold reversal zone .
🎯 Trade Plan
Entry Zone: $2,505–$2,515
Stop Loss: Just below $2,460
Targets:
First: $2,586
Second: $2,608
Third: $2,704 binance.com+1tradingview.com
This 3‑in‑1 setup—double bottom, RSI <20, and lower BB contact—fits the criteria of smart high-conviction trades on Binance tradingview.com+8binance.com+8tradingsim.com+8.
✅ Why It Matters
High reversal probability: Price touching the BB lower band + RSI <20 creates a tight entry with strong bounce potential.
Clear risk management: Stop under recent double bottom; defined targets aligned with mid‑BB & swing highs.
Back-tested: Common pattern in Binance signals for technical traders.
📌 Your Action Steps:
Set a limit buy at ~$2,510 (mid of entry zone)
Place stop slightly under $2,460
Scale out gradually at $2,586 → $2,608 → $2,704
Monitor volume and candle close above middle BB for confirmation of momentum shift
