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$ETH It’s now at 2054.72; over the past 24 hours it has been swinging around the 2021-2082 range. It just rallied sharply from the 2021 low with a strong bullish candle—short-term sentiment is improving!
More @single-side ideas:
- Entry: Buy lightly on a pullback around 2050-2055, set a stop loss at 2038 (exit if it breaks the prior low), take profit at 2075-2082; if it breaks through, then look for 2100+
- Aggressive traders can wait for a pullback near 2045 to try a small long position, stop loss at 2035, target the same as above
Short ideas:
- Entry: If it rebounds up to around 2075-2080, touch-and-short there, stop loss at 2085 (run if it breaks the prior high), take profit at 2050-2040
- If it hasn’t reached the level, don’t open positions forcefully—wait until the rebound is in place before acting
This is a rebound from an excessively oversold condition. The moving averages haven’t fully turned yet—don’t go all-in with a heavy position! Strictly use stop losses, try with small positions for testing; if you make profits, take them in batches, and don’t