$ETH /USDT LONG SETUP (EXTREME OVERSOLD BOUNCE)
🎯 Long Entry Details
Parameter Value Zone Description
Entry Zone 1,960-1,970 24h Low Support
Stop Loss 1,950 Below 1,956.60
Target 1 1,974.21 Current Price
Target 2 1,984.99 MA(5)
Target 3 2,005.81 Next Resistance
RRR 1:5.5 Extremely Favorable
✅ Long Confirmation Conditions
1. RSI at 23.48 - Extreme Oversold
2. Support found at 1,966.24
3. Volume returns (increased buying activity)
4. Price closes above 1,970
⚠️ Long Risks
· All MAs above - Strong Resistance overhead
· Trend Negative - -4.99% decline
· Volume 91.1% lower - No significant buying yet
⚠️ Important Warning
RSI is at 23.48! This is an extreme oversold level. Typically, a sharp bounce occurs from this level. However, volume is 91% lower - no certainty. Take an extremely small position.
#Ethereum #Layer1 #crypto #Binance #LongSetup $ETH