$ETH Latest Market Update & Detailed Trade Plan ๐คซ
๐ Trading Plan (Long Setup):
๐ฅ Long Entry Zone: 2466 - 2486
๐ฅ Current Sideway Range: 2418 - 2566
Stop Loss (SL): < 2411
๐ฏ Take Profit Targets:
๐ TP1: 2554 - 2579
๐ TP2: 2612 - 2640
๐ฅ Extended Targets: 2731 - 2762
๐ฅ Price is currently trading around 2,519 On the H1 chart, price is moving inside a broader consolidation channel (Sideway 2418 - 2566) after printing a strong recovery impulse from recent bottoms. The technical setup anticipates a minor pullback into key support to test buyers' strength before launching an aggressive upward push toward major resistance targets
๐ Following a strong bullish expansion out of the 2360 - 2400 accumulation zone, price is consolidating within the 2418 - 2566 range. The projected pathway expects a controlled dip into underlying demand, sweeping liquidity before breaking out toward higher resistance levels (2612 - 2762)
๐ The primary entry confluence lies between 2466 and 2486. Waiting for price to test this demand block offers an optimal risk to reward ratio for long positioning within the current structure
Key Invalidation (SL): A clean breakdown and candle close below 2411 invalidates this Long setup, indicating structural failure and potential further downside exploration
Click here to view the chart ๐๏ธ๐๐
๐ Trading Plan (Long Setup):
๐ฅ Long Entry Zone: 2466 - 2486
๐ฅ Current Sideway Range: 2418 - 2566
Stop Loss (SL): < 2411
๐ฏ Take Profit Targets:
๐ TP1: 2554 - 2579
๐ TP2: 2612 - 2640
๐ฅ Extended Targets: 2731 - 2762
๐ฅ Price is currently trading around 2,519 On the H1 chart, price is moving inside a broader consolidation channel (Sideway 2418 - 2566) after printing a strong recovery impulse from recent bottoms. The technical setup anticipates a minor pullback into key support to test buyers' strength before launching an aggressive upward push toward major resistance targets
๐ Following a strong bullish expansion out of the 2360 - 2400 accumulation zone, price is consolidating within the 2418 - 2566 range. The projected pathway expects a controlled dip into underlying demand, sweeping liquidity before breaking out toward higher resistance levels (2612 - 2762)
๐ The primary entry confluence lies between 2466 and 2486. Waiting for price to test this demand block offers an optimal risk to reward ratio for long positioning within the current structure
Key Invalidation (SL): A clean breakdown and candle close below 2411 invalidates this Long setup, indicating structural failure and potential further downside exploration
Click here to view the chart ๐๏ธ๐๐
