đ¨ AGGRESSIVE ETH OPPORTUNITY: POSSIBLE +20% đ¨
#ETH $ is trading around US$2.519â2.520 and maintains a bullish bias on the 4-hour chart, but it is close to resistance at US$2.530â2.547. It is not advisable to chase the move higher.
Entry planâ˘Preferred entry: pullback to US$2.500â2.510, if support holds and buying reaction appears.
â˘Alternative: 4-hour close above US$2.550 with increased volume; a retest of US$2.530â2.545 would be more favorable.
â˘Reference entry: US$2.510.
â˘Gross target of +20%: US$3.012.
â˘Estimated target with costs: US$3.020â3.030.
â˘Stop/invalidation: US$2.450.
â˘Approximate risk/reward ratio: 8.5:1.
â ď¸ A 4-hour close below US$2.450 invalidates the setup. If it then loses US$2.400â2.420, the bullish structure deteriorates. There may be sharp pullbacks or false breakouts; +20% is not guaranteed. Limit position size and avoid excessive leverage.
Eduardo Ebrat
$ETH
#ETH $ is trading around US$2.519â2.520 and maintains a bullish bias on the 4-hour chart, but it is close to resistance at US$2.530â2.547. It is not advisable to chase the move higher.
Entry planâ˘Preferred entry: pullback to US$2.500â2.510, if support holds and buying reaction appears.
â˘Alternative: 4-hour close above US$2.550 with increased volume; a retest of US$2.530â2.545 would be more favorable.
â˘Reference entry: US$2.510.
â˘Gross target of +20%: US$3.012.
â˘Estimated target with costs: US$3.020â3.030.
â˘Stop/invalidation: US$2.450.
â˘Approximate risk/reward ratio: 8.5:1.
â ď¸ A 4-hour close below US$2.450 invalidates the setup. If it then loses US$2.400â2.420, the bullish structure deteriorates. There may be sharp pullbacks or false breakouts; +20% is not guaranteed. Limit position size and avoid excessive leverage.
Eduardo Ebrat
$ETH
