**Trade Setup**
The entry zone for this trade is between $2780 and $2850.
A preferred entry point is between $2800 and $2820, following a strong rejection or absorption candle. This indicates a potential reversal in the market.
Look out for a rejection or absorption candle as it can be a strong signal to enter the market.
**Trade Parameters**
Recommended leverage: 5x to 10x.
This trade is classified as a technical rebound, not a breakout trade.
**Target Prices**
TP1: $2950
TP2: $3050
TP3 (optional): $3200, in case of a short squeeze.
**Asset Focus**
$ETH
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