Ethereum (ETH/USD)
Bollinger Bands (BB 20, SMA close 2)
ETH tried to break out but was pushed back, suggesting resistance near $2,555โ$2,560.
Current Price: ~$2,530.
SMA Confluence: Price is oscillating around the moving averageโshows indecision.
Lower Wicks: Buyers stepped in around $2,500โ$2,510 (support zone).
๐ฏ Potential Entry Points:
โ
Long Entry (Buy) Option:
Entry: Around $2,520โ$2,530, after confirmation of bullish candle above SMA or middle Bollinger Band.
SL (Stop-Loss): Below recent swing low, ~$2,495.
TP (Take-Profit): Near upper band ~$2,560โ$2,580.
๐ซ Short Entry (Sell) Option: