📊 $ETH
Technical Analysis — Range Breakout Setup
ETH is trading around $1,889, consolidating inside a well-defined range between $1,820 (support) and $1,950 (resistance) that's held for over a month.
🔑 Key Levels Resistance: $1,945 – $1,950 Support: $1,820 Current Price: ~$1,889
📈 The Setup Price has tapped the resistance zone multiple times without a clean break — sellers are still active there. Instead of chasing the breakout, the plan is to wait for full confirmation:
1️⃣ Daily close above $1,950 (a real close, not just a wick) 2️⃣ Retest of the $1,945–$1,950 zone as new support 3️⃣ Strong bullish engulfing candle on the retest → entry trigger
🎯 Targets TP1: $2,000 (psychological level) TP2: $2,073 (next resistance zone)
🛑 Stop Loss Below the engulfing candle low / below the retest zone (~$1,935–$1,940)
⚠️ Why Wait for the Retest This exact range has produced false breakouts before. A confirmed retest with a strong bullish engulfing candle reduces the risk of getting trapped in a fakeout, at the cost of a slightly higher entry.
Not financial advice. Always manage your own risk. NFA / DYOR
This is only technical analysis — please do your own research as well. This is just an advice/opinion, not a guarantee.
#ETH #Ethereum #TechnicalAnalysis #CryptoTrading #BinanceSquare
Technical Analysis — Range Breakout Setup
ETH is trading around $1,889, consolidating inside a well-defined range between $1,820 (support) and $1,950 (resistance) that's held for over a month.
🔑 Key Levels Resistance: $1,945 – $1,950 Support: $1,820 Current Price: ~$1,889
📈 The Setup Price has tapped the resistance zone multiple times without a clean break — sellers are still active there. Instead of chasing the breakout, the plan is to wait for full confirmation:
1️⃣ Daily close above $1,950 (a real close, not just a wick) 2️⃣ Retest of the $1,945–$1,950 zone as new support 3️⃣ Strong bullish engulfing candle on the retest → entry trigger
🎯 Targets TP1: $2,000 (psychological level) TP2: $2,073 (next resistance zone)
🛑 Stop Loss Below the engulfing candle low / below the retest zone (~$1,935–$1,940)
⚠️ Why Wait for the Retest This exact range has produced false breakouts before. A confirmed retest with a strong bullish engulfing candle reduces the risk of getting trapped in a fakeout, at the cost of a slightly higher entry.
Not financial advice. Always manage your own risk. NFA / DYOR
This is only technical analysis — please do your own research as well. This is just an advice/opinion, not a guarantee.
#ETH #Ethereum #TechnicalAnalysis #CryptoTrading #BinanceSquare