$ETH is showing powerful bullish strength.
$ETH has broken above a key resistance zone with a strong impulsive candle. Buyers are dominating, and if the breakout level turns into support, the uptrend has room to continue.
I'm bullish because the breakout came after a strong recovery from support, momentum is increasing, and the small pullback looks like healthy profit-taking. If buyers keep defending the breakout area, the next move higher becomes more likely.
Trade Setup
Entry: $1,870 - $1,878
Target 1: $1,890
Target 2: $1,915
Target 3: $1,950
Stop Loss: $1,840
I'm waiting for the breakout level to hold before adding more. A successful retest confirms buyer strength and increases the probability of hitting the targets. If price closes below support, I'll exit at my stop loss.
Risk Management
Risk only 1-2% per trade.
Move stop loss to breakeven after Target 1.
Book partial profits at every target and let the remaining position run.
Let's go and Trade now $ETH
$ETH has broken above a key resistance zone with a strong impulsive candle. Buyers are dominating, and if the breakout level turns into support, the uptrend has room to continue.
I'm bullish because the breakout came after a strong recovery from support, momentum is increasing, and the small pullback looks like healthy profit-taking. If buyers keep defending the breakout area, the next move higher becomes more likely.
Trade Setup
Entry: $1,870 - $1,878
Target 1: $1,890
Target 2: $1,915
Target 3: $1,950
Stop Loss: $1,840
I'm waiting for the breakout level to hold before adding more. A successful retest confirms buyer strength and increases the probability of hitting the targets. If price closes below support, I'll exit at my stop loss.
Risk Management
Risk only 1-2% per trade.
Move stop loss to breakeven after Target 1.
Book partial profits at every target and let the remaining position run.
Let's go and Trade now $ETH