$ETH

{future}(ETHUSDT)
đ Technical Analysis (15m)
âœETH experienced a sharp drop from approximately 4950 to 4720, with a strong rejection at 4720, indicating buyer defense.
âœThe price is below short-term EMAs, suggesting bearish sentiment, but is bouncing from the 200 EMA, which acts as major support.
âœA volume spike during the price drop suggests a stop-hunt or liquidation move, with buyers stepping in at the dip, indicating a potential rebound.
âœThe RSI dropped to 45, near oversold levels, and is turning upwards, suggesting a possible bounce.
đ Scalp Trading Signal (ETH/USDT)
Entry (Long scalp):
â 4780 â 4810 (current zone, after small pullback).
Stop-loss (SL):
đŽ Below 4715 (under 200 EMA & recent wick support).
Take-profit (TP):
đŻ TP1: 4860 (near EMA resistance)
đŻ TP2: 4910 â 4930 (strong resistance zone / previous breakdown point)
Risk â -70 pts (SL: 4715)
Reward â +100 to +120 pts â 1:1.5 to 1:2
â ïž Alternative Setup (Short scalp if bounce fails)
Entry: If $ETH rejects 4860 â 4910 zone with weakness.
SL: Above 4950.
TP: 4740 â 4720 retest.
â Summary:
Scalp bias is bullish from 4780â4810 with target 4860 â 4910 and SL below 4715. But if ETH fails to reclaim above 4910, a quick short scalp back to 4740 can also be played.
đŁ âIt is advisable not to utilize higher leverage. Always remember that by safeguarding your capital in trading, you will consistently emerge as the victor.
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