Watching ETH for a long entry around 2707.60. Daily trend is bullish, and the 4H market structure is stacked cleanly above both EMAs.
On the 1H timeframe, price is currently extended about 1.4 ATR above the 50 EMA. The setup remains valid as long as 1H holds above 2657.23, with critical structural invalidation at 2650.79. Looking for both 1H and 4H RSI to hold above 55 to confirm momentum.
📍 Entry Zone: 2705.13 – 2710.07
🎯 Targets: TP1: 2745.38 | TP2: 2770.56 | TP3: 2808.34
🛑 Stop Loss: 2657.23
If you were fading this move and taking a short, where would you set your stop loss?
Full chart breakdown below 👇
$ETH
$ETHFI
$ZEC
#BitMineETHHoldingsTop6Million #StrategyAdds1666BTCHoldingsReach847666 #UKFCAWinsCourtOrderToRecover851400Pounds
On the 1H timeframe, price is currently extended about 1.4 ATR above the 50 EMA. The setup remains valid as long as 1H holds above 2657.23, with critical structural invalidation at 2650.79. Looking for both 1H and 4H RSI to hold above 55 to confirm momentum.
📍 Entry Zone: 2705.13 – 2710.07
🎯 Targets: TP1: 2745.38 | TP2: 2770.56 | TP3: 2808.34
🛑 Stop Loss: 2657.23
If you were fading this move and taking a short, where would you set your stop loss?
Full chart breakdown below 👇
$ETH
$ETHFI
$ZEC
#BitMineETHHoldingsTop6Million #StrategyAdds1666BTCHoldingsReach847666 #UKFCAWinsCourtOrderToRecover851400Pounds
