ETH Ready for a Rebound? My Intraday Long Setup! Let's Go! 🚀

My ETH/USD Intraday Play!

Alright KoraFX fam! Dhruv here from Chennai, feeling super bullish despite the slight dip we've seen on ETH today, currently sitting at 2104.4. Yeah, we've had a -0.56% change in the last 24h and the trend looks bearish on paper, but I'm spotting a juicy intraday long setup! We dipped to 2062.312 earlier, but the demand looks like it's holding up.

Technical & Entry Breakdown 📈

My analysis points to a strong bounce potential here. I'm looking to enter a long position at 2094. This level feels like a good retest of recent support, right above the strong support zone around 2062.312 and 2050. My stop loss is tight at 2043, just below that critical 2050 mark. We're playing aggressive, but calculated! For the technical factor, I'm seeing classic demand zone behavior, where buyers are stepping in after a minor pullback, which is a bullish divergence from the short-term bearish trend.

Target & Why I'm Bullish! 🎯

For this intraday scalp, my take profit is set at 2220! That's aiming to push past the immediate resistance levels of 2146.488 and 2150