$ETH (Perpetual) — Long Setup
Current Price: ~3,248 USDT
Entry Zone:
3,220 – 3,250 USDT
Targets:
🎯 TP1: 3,280 USDT
🎯 TP2: 3,320 USDT
🎯 TP3: 3,380 USDT
Stop-Loss:
3,180 USDT (below recent swing low)
Technical Overview:
ETH has shown a strong rejection from the 3,180 support zone, forming a long lower wick on the 15m timeframe, indicating aggressive buyer absorption. Price has reclaimed the intra-range midpoint near 3,240–3,250, which now acts as short-term support. The structure suggests a potential mean reversion move toward the upper range resistance, with higher lows forming after the sharp sell-off — a classic relief bounce scenario.
Risk Management:
Risk no more than 1–2% of capital per trade. Consider partial profit booking at TP1 and move stop-loss to breakeven to protect capital.