ETHUSDT
Long Entry zone:3185
Short Entry Zone:3060
📊 Current Technical Signals:
- RSI(6): 59.85 → This is in the neutral zone, neither overbought nor oversold. It does not provide immediate confirmation for either long or short.
- Price: 3,120.91 while Mark Price: 3,121.79 → There is a slight difference, indicating that the market is stable.
- 24h High: 3,179.99 and 24h Low: 3,066.17 → The price is currently in the middle range.
- The values of MA(5) and MA(10) seem very high, they might be Volume Moving Averages, as they do not align with the price of ETH.
- Volume: 833K ETH → Good liquidity, meaning the environment is favorable for trading.
📉 Short or 📈 Long?
- RSI is near 60, indicating that the market is not yet overbought, but if RSI goes above 70, the long signal will strengthen.
- If RSI goes below 50 and the price breaks the support at 3,066, it will create a short signal.
- Currently, the market looks range-bound, meaning it is neither clearly bullish nor bearish.
| RSI > 65 and price breaks 3,180 | Long | 3,185 | 3,150 | 3,250–3,300 |
| RSI < 50 and price goes below 3,066 | Short | 3,060 | 3,100 | 2,980–2,920 |
Advice:
There is currently no immediate long or short signal. It is better to wait for a breakout or breakdown. If RSI goes above 65 and breaks 3,180, then go long. If RSI goes below 50 and closes below 3,066, then go short
