๐ LONG
$ETHFI ๐ฐ Entry: 0.57380
๐ก Stop-loss: 0.55742 (โ2.9%)
๐ฏ Take-profit: 0.59346 โ 0.60600
๐ A bullish engulfing candle just swallowed the prior red candle right at EMA20 โ buyers reclaimed the trend, and the pullback low is locked.
โข Bullish engulfing at EMA20 flipped the short-term low in buyers' favor with a near-full-ATR body
โข Price pulled back to EMA20 within a healthy EMA stack, trend spread at 2.2% keeps structure intact
โข Higher-timeframe alignment across 4H, daily and Elliott counts backs the long from one direction
โข Mild volume on the dip suggests no real distribution pressure behind the pullback
โข Favorable R:R with a tight stop just under the fresh swing low keeps risk well-defined
โญ Score 64.2/100 โ
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Long only on a candle close holding above EMA20, stop tight below the engulfing low, scale into strength.
๐ฌ Long
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๐ Follow for hourly setups.