Hello everyone, today we’re following the status of the Ethereum (ETHUSDT) coin on the Binance platform (test net) and monitoring a potential buying opportunity at the key support zones, especially with clear signs of oversold conditions on the Relative Strength Index (RSI).

Proposed trade details:

- Pair: ETHUSDT (Spot - Spot)

- Direction: Buy

- Suggested Entry Price: 2689.90

- Stop Loss: 2649.56 (-1.5%)

- First Target (TP1): 2743.50 (+2.0%)

- Second Target (TP2): 2770.70 (+3.0%)

- Third Target (TP3): 2797.50 (+4.0%)

Technical analysis and reasons for entry:

1. The RSI indicator recorded a reading of 30.7, which are strong oversold zones that typically precede corrective rebound waves.

2. Price touched the lower limit of the Bollinger Bands (Bollinger Bands Lower) at 2689.91, increasing the likelihood of an upward price rebound.

3. Order flow analysis shows a relatively calm selling pressure, with buy orders clustering at the current support level.

Trade cancellation condition (Invalidation):

This bullish outlook is invalidated if a 4-hour candle closes below the specified stop-loss level (2649.56).

Estimated success rate:

Based on the current technical data, we estimate the success rate of this opportunity at about 65% to 70%, provided risk management is followed.

Important note and disclaimer:

This content is for educational and analytical purposes only and does not constitute financial or investment advice. Digital markets are highly risky, and spot trading exposes your capital to fluctuations. Always manage your risks and determine your trade sizes in a way that fits your portfolio.

#Binance #ETH #CryptoTrading #TechnicalAnalysis #SquareCreator