🚀 ETH Long Setup in Focus 📈
Trading Plan:
Bias: Long
Entry: 2,790 - 2,850
SL: 2,680
TP1–TP3: 3,050 / 3,300 / 3,500
Technical Analysis:
The current setup on the daily chart suggests a potential bullish reversal from a key support zone. Price is interacting with the lower Bollinger Band around the 2,800 level, which often acts as dynamic support and a prime area for a technical bounce. A successful defense of this level, confirmed by an increase in buying volume, would signal a potential continuation of the higher timeframe uptrend. Confirmation would be strengthened by a price reclaim of the middle Bollinger Band, currently near 3,060.
Invalidation:
Only a sustained break below the 2,680 support level would invalidate this bullish thesis, indicating a potential for further downside.
