📊 ETH 4H: Range Breakout-Retest LONG Setup
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📈 Trend: ETH trades 2,276 (+0.9% 24H) after a slow grind up from the Oct 30 wick at 2,174. Price just reclaimed EMA20 (2,270) and is pressing the 2,278 range top. EMA50 (2,305) and EMA200 (2,428) still sit overhead, so this is a recovery play, not a confirmed uptrend.
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🧱 Support: 2,262-2,268 / 2,248
🚧 Resistance: 2,278 / 2,305 / 2,337
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🎯 Entry zone: 2,262-2,268 (retest of EMA20)
🛑 Stop loss: 2,244 (below the Nov 1 low)
✅ TP1: 2,305 (EMA50)
✅ TP2: 2,337
✅ TP3: 2,372 (Oct 29 high)
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⚠️ Risk: A 4H close back under 2,248 voids the idea. Keep size small and move SL to entry after TP1.
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Not financial advice. DYOR.
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