Based on the rejection of ETH/USDT (where the price is currently trading in the range of $1,667 - $1,669 with strong overall bearish pressure), here are two technical strategies to trade.
The macro trend is strictly bearish, but daily indicators (RSI at 12.5) show extreme oversold conditions, which opens the door to both a technical bounce and a continuation of the drop.
🟢LONG (Buy from $1,652)
Stop Loss (SL): $1,615.00
Take Profit 1 (TP1): $1,670.00 (Immediate resistance)
Take Profit 2 (TP2): $1,690.00
Take Profit 3 (TP3): $1,725.00
🔴SHORT (Sell between $1,673 - $1,683)
Stop Loss (SL): $1,700.00
Take Profit 1 (TP1): $1,652.00 (Recent low)
Take Profit 2 (TP2): $1,626.00
Take Profit 3 (TP3): $1,595.00
Key: Statistically, this is the safest trade today, as the volume is still dominated by sellers.
⚠️ Important: The information shared is not a buy or sell recommendation. Do your own research (DYOR) before making any decisions.
#trading #Ethereum #Binance #losfantasticosdeltrading #nuricrypto $ETH 🔥