๐ $ETH
LONG SETUP ๐
ETH flushed to $2,405.07, then built a slow recovery, broke back above its falling 99 MA, and is now pushing up with a stack of green candles on the 1H. Iโm watching for a long on a pullback into the MA support zone, not chasing the current candle. ๐
Entry: $2,535.00 - $2,550.00
TP1: $2,580.00
TP2: $2,620.00
TP3: $2,680.00
SL: $2,495.00
๐บ Why ETH is on watch:
Price ($2,560.01) is trading above the 7 MA ($2,548.48), the 25 MA ($2,526.10) and the 99 MA ($2,506.18), with the MAs now fanning out in bullish order and the 99 MA flattening after the long slide from $2,738.68 The structure shows higher lows since the $2,405.07 bottom, and the breakout above the 99 MA around the $2,520 area turned that former resistance into support The latest candle is a small red pullback after a strong green push to about $2,571, which looks like a healthy retest of the 7 MA rather than a reversal The $2,535 to $2,550 area (7 MA / 25 MA) is the first support, with the 99 MA near $2,506 below it. A 1H close above $2,572 would confirm buyers are in control, while a close under $2,495 invalidates the setup.
Not financial advice. DYOR.
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LONG SETUP ๐
ETH flushed to $2,405.07, then built a slow recovery, broke back above its falling 99 MA, and is now pushing up with a stack of green candles on the 1H. Iโm watching for a long on a pullback into the MA support zone, not chasing the current candle. ๐
Entry: $2,535.00 - $2,550.00
TP1: $2,580.00
TP2: $2,620.00
TP3: $2,680.00
SL: $2,495.00
๐บ Why ETH is on watch:
Price ($2,560.01) is trading above the 7 MA ($2,548.48), the 25 MA ($2,526.10) and the 99 MA ($2,506.18), with the MAs now fanning out in bullish order and the 99 MA flattening after the long slide from $2,738.68 The structure shows higher lows since the $2,405.07 bottom, and the breakout above the 99 MA around the $2,520 area turned that former resistance into support The latest candle is a small red pullback after a strong green push to about $2,571, which looks like a healthy retest of the 7 MA rather than a reversal The $2,535 to $2,550 area (7 MA / 25 MA) is the first support, with the 99 MA near $2,506 below it. A 1H close above $2,572 would confirm buyers are in control, while a close under $2,495 invalidates the setup.
Not financial advice. DYOR.
๐ Follow CoinDispatch for more daily trade setups and market updates!