Ethereum / USDTLong
ETH/USDT 1H: Oversold & Ready to Rebound – Bulls Eyeing $3,320!
ETH/USDT 1H Chart Analysis
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Market Condition:
Key SMC Levels:
Trade Setup (Confidence 8/10):
Market Maker Analysis:
Risk Score: 7/10
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Market Condition:
- Price: $2,939, currently in a discount zone.
- RSI: 26.4, indicating extreme oversold conditions.
Key SMC Levels:
- Support: $2,880 (major discount zone).
- Resistance: $3,120 (equilibrium).
- Premium Zone: $3,320 - $3,400.
Trade Setup (Confidence 8/10):
- Long Entry: $2,880 - $2,900 zone.
- Targets:
- T1: $3,120.
- T2: $3,320.
- Stop Loss: $2,840 (below discount).
- Risk/Reward Ratio: 1:3.5 (favorable R:R).
Market Maker Analysis:
- Distribution Phase Complete—now transitioning to accumulation.
- Hidden Bullish Divergence Forming on RSI, signaling a potential reversal.
- Expect a liquidity grab below $2,880 before price rebounds.
- Smart Money likely accumulating at these levels.
Risk Score: 7/10
- Wait for confirmation of support at discount zone before entering.
- Declining volume suggests a potential reversal is forming.
- Strong technical setup for longs once support is validated.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.