๐ LONG ETHUSDT.P from $2102.90 ๐ก Stop loss at $2083.00
๐ Timeframe: 1D (Mid-term idea)
โ Overview: โก๏ธ ETHUSDT.P Falling Wedge breakout confirmed on the daily chart. โก๏ธ Successful retest of the $1,955โ$2,041 zone. โก๏ธ Holding above $2,101 opens the way to higher levels. โก๏ธ Volume is increasing post-breakout โ confirming buyer interest. โก๏ธ Next strong resistance block lies between $2,308โ$2,522.
๐ฏ TP Targets: ๐ TP 1: $2112.00 โ nearest resistance and key liquidity zone. ๐ TP 2: $2125.00 โ a critical daily level, zone of pullback from previous drop. ๐ TP 3: $2134.00 โ potential impulse target toward major POC ($3,373).
๐ข If price fails to hold above $2,068 and breaks below $2,041 โ the setup is invalidated. ๐ข A retest of $2,101 from below may be needed before a stronger upward move. ๐ข Volume support at $1,955 is critical for the bullish case.
๐ ETHUSDT.P is forming a potential mid-term reversal โ if price holds above $2,101, a move toward $2,200+ and beyond is expected.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.