$ETH is holding the breakout instead of giving it back
ETH pushed hard toward $2,665 and is now consolidating above the $2,615 area. I'm still bullish while the higher timeframe structure stays intact, but after a move like this I don't want to chase the green candles
My preferred long zone is $2,546 to $2,522. If buyers defend that area and reclaim the short term structure, I'm looking for $2,665 first and $2,751 next. A deeper move into $2,484 to $2,460 would also be interesting if buyers step in there
The key level for the whole setup is $2,435. A 1H close below it would invalidate the bullish structure
SETUP
Entry: $2,546 to $2,522
TP1: $2,665
TP2: $2,751
SL: $2,435
DCA: No
#ETH
ETH pushed hard toward $2,665 and is now consolidating above the $2,615 area. I'm still bullish while the higher timeframe structure stays intact, but after a move like this I don't want to chase the green candles
My preferred long zone is $2,546 to $2,522. If buyers defend that area and reclaim the short term structure, I'm looking for $2,665 first and $2,751 next. A deeper move into $2,484 to $2,460 would also be interesting if buyers step in there
The key level for the whole setup is $2,435. A 1H close below it would invalidate the bullish structure
SETUP
Entry: $2,546 to $2,522
TP1: $2,665
TP2: $2,751
SL: $2,435
DCA: No
#ETH
