ETH Best level to BUY/HOLD TP 50% gains
🔸Hello traders, today let's review 8hour price chart for ETHUSD . strong gains recently off the range lows ,however currently price still stuck in the well-defined distribution range established in August 2024.
🔸We are stuck in mixed range / distribution, since previously price
dumped in the summer time therefore expecting more losses in this
market before an eventual recovery / bounce off the strong S/R below.
Range is defined by 2300 usd lows and 2750 usd highs. so far we are
still stuck in this range and I can't recommend any trades right now.
🔸Recommended strategy bulls: wait for a fake breakdown of the
recent range expecting one final swipe higher towards 2750 before
the eventual dump / breakdown. I got two important levels marked
down on my chart - 2 000 USD and 3 000 USD. Expecting price reversal
at/near 2 000 usd as the bulls will defend this level. Logical price target
for the swing trade setups for the bulls is 3 000 USD, this trade got
50% unleveraged/clean upside. Keep in mind that this is a swing trade
so naturally will take more time to hit TP. good luck, traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
🔸We are stuck in mixed range / distribution, since previously price
dumped in the summer time therefore expecting more losses in this
market before an eventual recovery / bounce off the strong S/R below.
Range is defined by 2300 usd lows and 2750 usd highs. so far we are
still stuck in this range and I can't recommend any trades right now.
🔸Recommended strategy bulls: wait for a fake breakdown of the
recent range expecting one final swipe higher towards 2750 before
the eventual dump / breakdown. I got two important levels marked
down on my chart - 2 000 USD and 3 000 USD. Expecting price reversal
at/near 2 000 usd as the bulls will defend this level. Logical price target
for the swing trade setups for the bulls is 3 000 USD, this trade got
50% unleveraged/clean upside. Keep in mind that this is a swing trade
so naturally will take more time to hit TP. good luck, traders!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
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taplink.cc/prsyndicate
🔥primary telegram channel
t.me/thesyndicate001
🚀75%+ win rate free gold signals
t.me/syndicategold001
🏧MT4 Forex EA/bot 5%/day AI algo trading
breakoutedge.cc/
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