ETH/USDT 1H: Bearish Structure with Potential Bounce

ETH/USDT 1H: Bearish Structure with Potential Bounce – Long Setup from Discount Zone

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• Current Market Conditions (Confidence Level: 8/10):
  
• Price at $1,796.97, currently bearish after breaking equilibrium zone.
  
• Hidden bearish divergence visible on RSI, suggesting weakening bullish pressure.
  
• Smart Money likely accumulating positions in the $1,740 – $1,760 discount zone.
  

Trade Setup (Long Bias):

• Entry: Optimal between $1,795 – $1,805 range.
  
• Targets:
  
• T1: $1,840
  
• T2: $1,860
  
• Stop Loss: $1,765 (below recent low).
  

Risk Score:

• 8/10 – Smart Money accumulation supports the setup, but confirmation bounce from support is crucial for entry.
  

Key Observations:

• Resistance at $1,820 (previous high) acting as local cap.
  
• Support solid at $1,760 (discount zone), strong reaction expected.
  
• Premium zone between $1,840 – $1,860 ideal for scaling out profits.
  
• Smart Money potentially setting up shorts from premium zone for later liquidity grab below $1,740.
  

Recommendation:

• Wait for clear confirmation of support hold before entering longs.
  
• Manage risk carefully; consider partial scaling at $1,840 and securing full profits at $1,860.
  
• Monitor price action at $1,820 resistance for possible early signs of rejection.
  

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