ETH Bounce Back Incoming? My Intraday Long Setup! 🚀
ETH/USDLongIntraday4h ago0 views
Trade Setup
Entry Price
2323.00
Stop Loss
2267.00
Take Profit
2463.00
Risk : Reward
1 : 2.50
RiskReward
Alright KoraFX fam, Emma Hoffmann here! 👋 I know ETH has been a bit sleepy, trading around 2334.21 and even seeing a ~0.88% dip in the last 24 hours. The overall trend looks a bit bearish right now, but you know me, I'm always sniffing out those bullish reversals! 💪 I see a fantastic intraday opportunity brewing for an ETH long.
Technical Bounce Play!
Looking at the charts, we just bounced off some strong support near 2287.5258 in the day range (2287.5258 — 2380.8942). My entry is set at 2323, aiming to catch the next leg up from this consolidation zone. My Stop Loss is tight at 2267, just below the 2287.5258 and 2300 psychological support. This is an aggressive play, but the risk/reward is spicy! We're targeting 2463 for Take Profit, pushing past the 2380.8942 and 2400 resistance levels. If we clear 2450, it's smooth sailing! 📈
Fundamental Vibe Check
Despite the short-term pullback, the underlying fundamentals for Ethereum remain incredibly strong. The ecosystem is
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