I'm looking at $ETH putting in a sharp upward push, currently trading at 2,439.94 while holding well above its sloping MA60 line at 2,436.71. The chart shows a strong rally off local lows near 2,426.76, though price is currently consolidating just under its recent peak.
Price is pulling back slightly after testing the 2,443.41 local high, sitting right below the 24h high of 2,444.79. Buying directly into overhead resistance is poor risk-reward, so I'd like to see a minor dip back down toward the ascending MA60 support around 2,436 - 2,437 to look for continuation. A break back below the MA60 level would weaken short-term structure and invalidate this long setup.
Trade idea:
📍 Entry: 2,436.50 - 2,438.00
🎯 TP1: 2,443.41
🎯 TP2: 2,444.79 (24h High retest)
🎯 TP3: 2,450.00
🛑 Invalidation: 2,433.00
A drop below 2,433.00 breaks the immediate higher-low trajectory and signals a failure to hold dynamic support.
Watching for a clean retest of the MA60 line rather than chasing near local highs.
Price is pulling back slightly after testing the 2,443.41 local high, sitting right below the 24h high of 2,444.79. Buying directly into overhead resistance is poor risk-reward, so I'd like to see a minor dip back down toward the ascending MA60 support around 2,436 - 2,437 to look for continuation. A break back below the MA60 level would weaken short-term structure and invalidate this long setup.
Trade idea:
📍 Entry: 2,436.50 - 2,438.00
🎯 TP1: 2,443.41
🎯 TP2: 2,444.79 (24h High retest)
🎯 TP3: 2,450.00
🛑 Invalidation: 2,433.00
A drop below 2,433.00 breaks the immediate higher-low trajectory and signals a failure to hold dynamic support.
Watching for a clean retest of the MA60 line rather than chasing near local highs.