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🚨 $ETH LONG SETUP (on pullback) 🚨
ETH is squeezing on all three MAs at around $2,690 after rejecting the $2,806 high. I'm not chasing the middle of the range. I'm waiting for a dip into the rising MA99 support. 📈
Entry: $2,655 – $2,675
TP1: $2,740
TP2: $2,780
TP3: $2,830
SL: $2,615
🔹 Why ETH is on watch
Price is sitting on MA7 ($2,685), MA25 ($2,691), and MA99 ($2,675), which is a squeeze that usually leads to a breakout. MA99 is still rising underneath, and buyers have defended it on every dip. Structure since the $2,806 high is sideways, not lower highs. Volume is fading, so the market is coiling. Range support is around $2,635, with resistance at $2,775 and then $2,806
🔹 Risk/reward: about 1.5R to TP1 and 3R+ to TP3 from the middle of the entry zone
⚠️ Invalidation: a 4H close below $2,630 cancels the setup. Check BTC before entering, because a BTC dump will pull ETH through support.
Follow for more.
Not financial advice. DYOR and manage your risk.$ETH
🚨 $ETH LONG SETUP (on pullback) 🚨
ETH is squeezing on all three MAs at around $2,690 after rejecting the $2,806 high. I'm not chasing the middle of the range. I'm waiting for a dip into the rising MA99 support. 📈
Entry: $2,655 – $2,675
TP1: $2,740
TP2: $2,780
TP3: $2,830
SL: $2,615
🔹 Why ETH is on watch
Price is sitting on MA7 ($2,685), MA25 ($2,691), and MA99 ($2,675), which is a squeeze that usually leads to a breakout. MA99 is still rising underneath, and buyers have defended it on every dip. Structure since the $2,806 high is sideways, not lower highs. Volume is fading, so the market is coiling. Range support is around $2,635, with resistance at $2,775 and then $2,806
🔹 Risk/reward: about 1.5R to TP1 and 3R+ to TP3 from the middle of the entry zone
⚠️ Invalidation: a 4H close below $2,630 cancels the setup. Check BTC before entering, because a BTC dump will pull ETH through support.
Follow for more.
Not financial advice. DYOR and manage your risk.$ETH