$ETH
🚀 Buy Signal – ETH/USDT 🚀
📍 Ideal Entry Zone (Buy Zone):
2,070.00 - 2,085.00
*Enter after confirming a candle close above 2,085.00*
🎯 Profit Taking Targets:
Target 1 (TP1): 2,116.00 (EMA21 resistance on H1) ✅
Target 2 (TP2): 2,176.00 (EMA50 resistance on H1) ✅
Target 3 (TP3): 2,225.00 (24-hour high) ✅
⛔ Strict Stop Loss:
2,030.00 (Just below support at 2,039.14)
📊 Reasons for Strong Buy Signal:
• Oversold conditions on higher timeframes:
- D1: RSI at 27.21 (Strong oversold condition)
- 4H: RSI at 27.40 (Strong oversold condition)
• Improvement on the execution timeframe (H1):
- MACD positive (0.20) - Bullish crossover
- RSI at 39.88 (Improvement from oversold condition)
• Sharp decline (-5.51%) creates a strong rebound opportunity
⚠️ Important Warnings:
1. The general trend is strongly bearish - this is a rebound trade (Counter-Trend)
2. High risk - use a small trade size (no more than 2% of capital)
3. Strictly adhere to the stop loss at 2,030.00
4. The trade is short-term targeting only the technical rebound
🎯 Execution Strategy:
1. Enter at 2,070.00-2,085.00
2. Stop loss at 2,030.00
3. Take 50% of the trade at TP1 (2,116.00)
4. Move the stop loss to breakeven upon reaching TP1
5. Take the remainder at TP2 and TP3
✨ Summary:
👉 Buy signal due to strong oversold conditions on D1 and 4H with improvement on H1 ✅
👉 Risk/reward ratio is good (1:2.5)
📌 Note: This is a technical rebound signal and not a change in the overall trend