$ETH Bottom 1: 1,503 “shakeout,” 1,832 meets resistance and then compresses before pulling back—wait for the second test to grab the best chips!
1798 is neither resistance nor support here; it’s purely a “meat grinder” that lures chasing funds in. Bare candles show that 1,832 is a local high point of an “automatic rebound.”
Entry reasons (technical + news):
· Technical: On the daily timeframe, at 1,503 there was heavy volume into an extremely long lower-wick “shakeout (Spring)”—the selling pressure is completely exhausted. A sharp rally on the 4-hour chart to 1,832 completes the “automatic rebound (AR).” On the 1-hour chart, price drops from 1,832 back to 1,798; during the move, the volume shows a clear shrinking pattern. Also, the prior lows at 1,726 and 1,744 both have distinct buy-side absorption supporting the wicks.
· Trade plan: Do not touch the current price at 1,798—the risk/reward is terrible. Wait for a natural pullback into the 1,760–1,770 range. If you see a very small-body contraction candle there (or a candle with a short lower wick), that forms the classic Wyckoff “second test (LPS)” setup—then you can confidently go long.
· News: Recently, ETH has been heavily influenced by the US stock tech sector and macro interest-rate expectations. As 1,832 is a short-term supply zone, it’s very likely to trigger algorithmic profit-taking. Pay attention to the hour before US stock market opens.
Risk & stop loss:
· Core plan: Prepare to place buy limit orders around 1,765.
· Strict stop loss set at 1,735 (below 1,744 and the 1,726 prior low, breaking the structure). Iron law: if the 1-hour candle body breaks down through 1,735 on expanding volume, it means the long-side second test has failed—cut loss immediately without conditions.
Support/Resistance levels:
· Support: 1,765 (core buy zone), 1,744 (secondary support), 1,726 (prior low—strong defense)
· Resistance: 1,832 (strong 4-hour resistance), 1,878 (first target after breakout), 2,090 (daily key supply zone)
Risk/reward calculation:
· Planned entry: 1,765; stop loss: 1,735 (risk 30 points).
· First target: 1,832 (profit 67 points). Risk/reward = 2.23:1.
· If there’s a valid breakout above 1,832 and price holds, the second target goes straight to 1,878 (profit 113 points). Risk/reward will expand to 3.76:1—an extremely cost-effective “set-and-wait” order.
Right now the win rate is 90%. When opening a position, always include a stop loss. A good risk/reward ratio and position management are extremely important. Professional coin hunter—every day I find great trading opportunities. If you don’t have time to watch the chart, I’ll watch it for you—you just need to subscribe.📈
1798 is neither resistance nor support here; it’s purely a “meat grinder” that lures chasing funds in. Bare candles show that 1,832 is a local high point of an “automatic rebound.”
Entry reasons (technical + news):
· Technical: On the daily timeframe, at 1,503 there was heavy volume into an extremely long lower-wick “shakeout (Spring)”—the selling pressure is completely exhausted. A sharp rally on the 4-hour chart to 1,832 completes the “automatic rebound (AR).” On the 1-hour chart, price drops from 1,832 back to 1,798; during the move, the volume shows a clear shrinking pattern. Also, the prior lows at 1,726 and 1,744 both have distinct buy-side absorption supporting the wicks.
· Trade plan: Do not touch the current price at 1,798—the risk/reward is terrible. Wait for a natural pullback into the 1,760–1,770 range. If you see a very small-body contraction candle there (or a candle with a short lower wick), that forms the classic Wyckoff “second test (LPS)” setup—then you can confidently go long.
· News: Recently, ETH has been heavily influenced by the US stock tech sector and macro interest-rate expectations. As 1,832 is a short-term supply zone, it’s very likely to trigger algorithmic profit-taking. Pay attention to the hour before US stock market opens.
Risk & stop loss:
· Core plan: Prepare to place buy limit orders around 1,765.
· Strict stop loss set at 1,735 (below 1,744 and the 1,726 prior low, breaking the structure). Iron law: if the 1-hour candle body breaks down through 1,735 on expanding volume, it means the long-side second test has failed—cut loss immediately without conditions.
Support/Resistance levels:
· Support: 1,765 (core buy zone), 1,744 (secondary support), 1,726 (prior low—strong defense)
· Resistance: 1,832 (strong 4-hour resistance), 1,878 (first target after breakout), 2,090 (daily key supply zone)
Risk/reward calculation:
· Planned entry: 1,765; stop loss: 1,735 (risk 30 points).
· First target: 1,832 (profit 67 points). Risk/reward = 2.23:1.
· If there’s a valid breakout above 1,832 and price holds, the second target goes straight to 1,878 (profit 113 points). Risk/reward will expand to 3.76:1—an extremely cost-effective “set-and-wait” order.
Right now the win rate is 90%. When opening a position, always include a stop loss. A good risk/reward ratio and position management are extremely important. Professional coin hunter—every day I find great trading opportunities. If you don’t have time to watch the chart, I’ll watch it for you—you just need to subscribe.📈