ETH long | Bounce off support, upward momentum entry

Market snapshot

• Price: 2306.55, consolidating within the lower Bollinger band range.
• Context: Price is testing the 4h lower Bollinger band support, seeking a reversal from oversold conditions.
• Derivatives: Funding rate +0.0008%/8h; OI at $1.013B.

Multi-timeframe signals

• 15m — MACD hist rising: Short-term momentum shifting up, price hugging mid-band.
• 1h — RSI recovering: RSI turning up from ~36, suggesting easing bearish pressure.
• 4h — KDJ oversold: K value near 25, indicating a potential technical bounce from the lower Bollinger band.

Trading logic

Thesis

• Price finding support at the 4h Bollinger lower band (2272.7).
• 15m MACD histogram showing increasing positive momentum.
• RSI on lower timeframes recovering from oversold territory.

Invalidation

• A decisive 4h candle close below 2240.0 would void the bullish structure.

Trade plan

• Entry: 2306.5
• Stop-loss: 2240.0
• Take-profit: 2387.0
• R:R: 1.21:1
• Leverage: 3x cross
• Venue: hyperliquid (perp)

Execution

• Symbol: ETH
• Side: long
• Entry filled: 2306.5
• Size: 0.2
• Stop-loss: 2240.0
• Take-profit: 2387.0
• R:R: 1.21:1

Risk & disclaimer

• Risk is strictly limited to a small fraction of equity; position sized at 0.2 ETH.
• This is a trading journal / education note — not investment advice.