$ETH
/USDT LONG TRADE SETUP
Based on the 15-minute chart, $ETH USDT is currently stabilizing around $3,109.59 after a sharp rejection from the $3,128.65 local high. The price is finding support near the $3,101.27 low and consolidating, suggesting a potential short-term bounce or an accumulation phase before the next move.
The price is currently hovering between the MA(7) at $3,109.61 and the MA(25) at $3,114.68, indicating indecision. A breakout above the MA(25) could confirm the bullish momentum.
Target Points (Short-Term Bounce)
TP1: 3,117.00 (Retest of the immediate resistance area)
TP2: 3,128.50 (Reclaim of the recent high)
TP3: 3,135.00 (Targeting the 24H High)
Stop Loss
Set stop loss below 3,100.00 to limit downside risk, which is just below the most recent support low.
Trade Strategy
Look for a volume increase and a candlestick close above $3,111.95 to enter the long trade, targeting a move back up to the intraday high.
Trade $ETH USDT on Binance!