đETHUSDT 4H Market Update
⢠Trend: Bullish
⢠SMA (20): 2374.8415
⢠Support: 2100.93
⢠Resistance: 2549.4
⢠Current Price: 2429.22
đStrategy:
Price is currently in premium zone above the 20 SMA, confirming bullish momentum but also indicating overextension favoring shorts. The 4H swing high at 2444.3 serves as immediate resistance; a break above could push toward the 4H range high near 2549.4. However, our calculated short entry at 2429.22 with a stop loss of 2356.3434 and take profit at 2538.5349 offers a 1:1.5 risk/reward ratio. Traders should watch for price rejection at the resistance zone before taking a position.
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â ď¸ Not financial advice - always DYOR.
Click Here To Trade đ
⢠Trend: Bullish
⢠SMA (20): 2374.8415
⢠Support: 2100.93
⢠Resistance: 2549.4
⢠Current Price: 2429.22
đStrategy:
Price is currently in premium zone above the 20 SMA, confirming bullish momentum but also indicating overextension favoring shorts. The 4H swing high at 2444.3 serves as immediate resistance; a break above could push toward the 4H range high near 2549.4. However, our calculated short entry at 2429.22 with a stop loss of 2356.3434 and take profit at 2538.5349 offers a 1:1.5 risk/reward ratio. Traders should watch for price rejection at the resistance zone before taking a position.
đ Don't forget to follow for more updates! & Your Future Eye
â ď¸ Not financial advice - always DYOR.
Click Here To Trade đ