$ETH has bled out since rejecting the $2,800 top, and we’ve officially tapped the lower boundary of our range
Look at the chart: we are currently testing a major structural support box around $2,200-$2,250.
Notice how this same area held up the price action in early September before the breakout.
Right now, price is printing a long lower wick, showing some initial buying pressure at this level.
📈 Trade Setup (Reactive Long):
· Entry Zone: $2,210 - $2,240
· Stop Loss: $2,150 (If we lose this, the structure breaks and we drop).
· Target 1: $2,400
· Target 2: $2,500 - $2,550
⚠️ If we get a heavy daily candle close below $2,180, do not long. A breakdown here means we are likely heading back down to test the $1,870 lows.
Protect your capital. Size your positions correctly.
Let's see if the bulls can defend the line.
🛡️
$ETH
Look at the chart: we are currently testing a major structural support box around $2,200-$2,250.
Notice how this same area held up the price action in early September before the breakout.
Right now, price is printing a long lower wick, showing some initial buying pressure at this level.
📈 Trade Setup (Reactive Long):
· Entry Zone: $2,210 - $2,240
· Stop Loss: $2,150 (If we lose this, the structure breaks and we drop).
· Target 1: $2,400
· Target 2: $2,500 - $2,550
⚠️ If we get a heavy daily candle close below $2,180, do not long. A breakdown here means we are likely heading back down to test the $1,870 lows.
Protect your capital. Size your positions correctly.
Let's see if the bulls can defend the line.
🛡️
$ETH
