I'm watching a bullish setup on ETH/USDT (15-minute chart) based on Smart Money Concepts.
After a confirmed Change of Character (ChoCH) and a Break of Structure (BOS) to the upside, price retraced into the equilibrium zone and tapped a key support level near 2500 USDT — a psychologically and technically significant level. This area also aligns with the 50%-61.8% Fibonacci retracement and sits just below a bullish Order Block.
I’m positioning a Buy Limit at 2500 USDT, anticipating a continuation move back toward recent highs.
Entry: 2500 USDT
Stop Loss: 2,480 USDT (below previous low)
Take Profit: 2,534 USDT (recent swing high)
Risk: 20 USDT
Reward: 34 USDT
Risk:Reward Ratio ≈ 1:1.7
The wick into the zone suggests a liquidity sweep and potential bullish reversal. A strong bullish candle or a new BOS would confirm the continuation bias.
After a confirmed Change of Character (ChoCH) and a Break of Structure (BOS) to the upside, price retraced into the equilibrium zone and tapped a key support level near 2500 USDT — a psychologically and technically significant level. This area also aligns with the 50%-61.8% Fibonacci retracement and sits just below a bullish Order Block.
I’m positioning a Buy Limit at 2500 USDT, anticipating a continuation move back toward recent highs.
Entry: 2500 USDT
Stop Loss: 2,480 USDT (below previous low)
Take Profit: 2,534 USDT (recent swing high)
Risk: 20 USDT
Reward: 34 USDT
Risk:Reward Ratio ≈ 1:1.7
The wick into the zone suggests a liquidity sweep and potential bullish reversal. A strong bullish candle or a new BOS would confirm the continuation bias.
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Disclaimer
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.