$ETH
Daily structure is still bearish, but the flush to 1,736 looks like a panic low and price is trying to stabilize around 1,967. This is the zone where pros wait for confirmation: either a reclaim that triggers a squeeze, or a weak bounce that offers the next short entry.
Decision:
Long only on strength: Take longs if ETH reclaims 2,020–2,060 and holds after a retest.
Short on failure: If ETH rejects 2,000–2,050 and breaks 1,900, the downtrend resumes.
Long targets:
TP1: 2,120
TP2: 2,260–2,386
TP3: 2,520–2,750
Long invalidation: Daily close under 1,860.
Short targets:
TP1: 1,900
TP2: 1,820
TP3: 1,750–1,736 (capitulation low)
Short invalidation: Acceptance above 2,080.
Pro tips:
Don’t chase green candles in a downtrend—trade the retest of key levels.
Take partial profit at TP1 and tighten the stop quickly.
If volume expands on the reclaim, respect the bounce; if volume fades, expect another sell-off.