$EWY USDT Perpetual - LONG Setup
Trade Plan:
Entry: 132.50 – 133.50
SL: 131.00
TP1: 135.00
TP2: 136.50
TP3: 138.00
This setup we have taken after the steady +1.16% move and holding above key levels post-launch.
Why this setup?
EWYUSDT (tracking iShares MSCI South Korea ETF) launched very recently on Binance and has shown controlled upside from the 24h low ~129.92 to current ~133.79, with a strong green candle push toward the high ~137.90. Price is now consolidating just below the high but holding firmly above EMA(7) ~132.73 (short-term support) and the launch base. The structure is forming higher lows with green candles dominating the recent bars – no aggressive rejection yet. RSI(6) at 70.24 is elevated (nearing overbought) but in index perps like this, momentum can stay hot longer during discovery phase without extreme exhaustion. Volume spiked on the initial breakout and remains supportive on upside legs. Higher timeframes show early uptrend alignment with real-world EWY ETF sentiment (Korean tech/equity strength). Current pullback looks healthy for continuation if it holds 132+ – low-vol index product primed for gradual grind higher rather than sharp reversal.
Professional Debate:
With price holding the breakout base and RSI still in bullish territory, is this setup for steady continuation toward 137–138 resistance, or likely to see a quick fade back to 130 zone after launch excitement cools?
What do you think – long the dip or cautious on the elevated RSI? Share your current levels, ideas or screenshots below!
#EWYUSDT #BinanceFutureSignal #IndexTrading #SouthKoreaETF #cryptotrading $EWY
