I’m going to open a BIG LONG on $ETH here.
TP: $2,550
SL: $2,484
Because the reason is simple.
$ETH has been building higher lows, and this time price is finally pushing above that descending resistance instead of getting rejected again.
That changes the setup for me.
If $ETH keeps holding above the $2,500 area, the move can continue toward $2,540–$2,550 pretty quickly, especially if the shorts sitting above start getting squeezed.
I’m not buying just because of one green candle.
I’m buying because the structure is finally starting to turn in favor of buyers.
TP: $2,550
SL: $2,484
Because the reason is simple.
$ETH has been building higher lows, and this time price is finally pushing above that descending resistance instead of getting rejected again.
That changes the setup for me.
If $ETH keeps holding above the $2,500 area, the move can continue toward $2,540–$2,550 pretty quickly, especially if the shorts sitting above start getting squeezed.
I’m not buying just because of one green candle.
I’m buying because the structure is finally starting to turn in favor of buyers.