๐ETHUSDT 4H Market Update
โข Trend: Bullish
โข SMA (20): 2655.926
โข Support: 2562.31
โข Resistance: 2806.76
โข Current Price: 2751.43
๐Strategy:
Price is currently trading in the premium zone, above the 20 SMA, indicating strong bullish momentum. However, with price near the 4H range high resistance at 2806.76, we could see a short-term pullback. A rejection from this level, confirmed by bearish price action, could offer a short entry targeting the support at 2562.31. Alternatively, a breakout above 2806.76 would signal a continuation, with the next target at 2875.24. Manage risk tightly with a stop loss below the recent swing high at 2668.89.
๐ Don't forget to follow for more updates! & Your Future Eye
โ ๏ธ Not financial advice - always DYOR.
Click Here To Trade ๐
โข Trend: Bullish
โข SMA (20): 2655.926
โข Support: 2562.31
โข Resistance: 2806.76
โข Current Price: 2751.43
๐Strategy:
Price is currently trading in the premium zone, above the 20 SMA, indicating strong bullish momentum. However, with price near the 4H range high resistance at 2806.76, we could see a short-term pullback. A rejection from this level, confirmed by bearish price action, could offer a short entry targeting the support at 2562.31. Alternatively, a breakout above 2806.76 would signal a continuation, with the next target at 2875.24. Manage risk tightly with a stop loss below the recent swing high at 2668.89.
๐ Don't forget to follow for more updates! & Your Future Eye
โ ๏ธ Not financial advice - always DYOR.
Click Here To Trade ๐