$ETH
The chart shows short-term bullish momentum, but price is sitting right below a key resistance area around 1,892.
My trading read:
Resistance: 1,892–1,893
Support: 1,888–1,889
Major support: 1,884–1,885
Price is making higher highs and higher lows into the latest move.
Trade setup:
🟢 LONG: Only after a clean break and hold above 1,892
TP: 1,895 → 1,898
SL: below 1,888
🟢 Pullback LONG: If price retraces to 1,888–1,889 and holds, look for bullish confirmation.
🔴 SHORT: If 1,892–1,893 rejects strongly and price loses 1,888
TP: 1,885 → 1,882
SL: above 1,894
I wouldn't chase the current candle. The better trade is to wait for either the 1,892 breakout confirmation or a controlled pullback.
The chart shows short-term bullish momentum, but price is sitting right below a key resistance area around 1,892.
My trading read:
Resistance: 1,892–1,893
Support: 1,888–1,889
Major support: 1,884–1,885
Price is making higher highs and higher lows into the latest move.
Trade setup:
🟢 LONG: Only after a clean break and hold above 1,892
TP: 1,895 → 1,898
SL: below 1,888
🟢 Pullback LONG: If price retraces to 1,888–1,889 and holds, look for bullish confirmation.
🔴 SHORT: If 1,892–1,893 rejects strongly and price loses 1,888
TP: 1,885 → 1,882
SL: above 1,894
I wouldn't chase the current candle. The better trade is to wait for either the 1,892 breakout confirmation or a controlled pullback.