$ETH finally demolished the stubborn $2,540 range ceiling, short-squeezing straight into the multi-week macro supply wall at $2,660 - $2,685. Chasing green momentum candles after a 120-dollar vertical impulse directly into overhead resistance is poor risk-to-reward.
The execution plan:
- Take Profit / Fade Zone: $2,660 - $2,685 (scale out of breakout longs or scalp counter-trend)
- Prime Bid Zone: $2,580 - $2,605 (confirmed S/R flip retest to re-enter)
- Upside Target: $2,720 - $2,750 on confirmed retest hold
- Hard Invalidation: 4H close below $2,550 shuts down the long thesis immediately—cut it, no hopium.
#BreakoutRetest
The execution plan:
- Take Profit / Fade Zone: $2,660 - $2,685 (scale out of breakout longs or scalp counter-trend)
- Prime Bid Zone: $2,580 - $2,605 (confirmed S/R flip retest to re-enter)
- Upside Target: $2,720 - $2,750 on confirmed retest hold
- Hard Invalidation: 4H close below $2,550 shuts down the long thesis immediately—cut it, no hopium.
#BreakoutRetest
