ETH Dip Buy Alert! 🚀 This Rebound Could Be Printing Money for the Smart Ones!

ETH/USDLongScalp4d ago2 views

Trade Setup

Entry Price

2060.00

Stop Loss

2010.00

Take Profit

2184.00

Risk : Reward

1 : 2.48

RiskReward

Alright KoraFX fam! Adebayo Ibrahim here, and guess what? I see a beautiful opportunity cooking on ETH/USD, even with today's -4.46% dip bringing it to 2069.76! The bears tried their best, pushing us to 2028.36 today, but my gut (and charts!) says it's time for a bounce. My risk tolerance is aggressive, so let's ride this wave!

Technical Setup: Bounce from Support! 📈


The market is looking a bit red overall, with ETH/USD currently at 2069.76. We've seen a bearish trend today, but look closely! We're hovering just above major psychological support at 2050, and not far from the day's low of 2028.36. I'm seeing signs of exhaustion from the sellers and a potential for a quick reversal on the scalp timeframe. My entry is set at 2060, looking to catch that immediate rebound. We'll target resistance levels at 2100 and 2150 on the way up to our TP.

Why I'm Bullish: ETH

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