eth long bullish
The ETH/USDT chart provided outlines a potential bullish setup. Here's a detailed breakdown:
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### **ETH/USDT - Trading Plan**
#### **Market Structure**
- **Bullish Shift (MSS):** The market recently broke a significant resistance level, indicating a bullish trend shift.
- **Order Block (OB):** A key support zone is highlighted around **$3,300**, acting as a base for potential upward momentum.
- **Fair Value Gap (FVG):** A zone that may serve as resistance but could be reclaimed for further bullish continuation.
#### **Entry & Exit Strategy**
- **Entry:** Near **$3,480**, confirming support around the FVG zone.
- **Stop Loss (SL):** Below **$3,300**, aligning with the OB to manage risk.
- **Take Profit (TP):** At **$4,136**, targeting higher resistance levels for optimal Risk-to-Reward (R:R).
#### **Price Action Analysis**
- **Liquidity Sweep:** Price swept sell-side liquidity below **$3,450** and rebounded, signaling potential accumulation.
- **Moving Averages:** Short-term moving averages are beginning to align upward, supporting a bullish case.
#### **Summary**
- **Risk Management:** Maintain strict SL at **$3,300**.
- **Upside Potential:** 4,136 offers a high R:R opportunity.
- **Confirmation:** Await a clear breakout or retest of the FVG for validation.
Let me know if you'd like assistance refining the plan further!
---
### **ETH/USDT - Trading Plan**
#### **Market Structure**
- **Bullish Shift (MSS):** The market recently broke a significant resistance level, indicating a bullish trend shift.
- **Order Block (OB):** A key support zone is highlighted around **$3,300**, acting as a base for potential upward momentum.
- **Fair Value Gap (FVG):** A zone that may serve as resistance but could be reclaimed for further bullish continuation.
#### **Entry & Exit Strategy**
- **Entry:** Near **$3,480**, confirming support around the FVG zone.
- **Stop Loss (SL):** Below **$3,300**, aligning with the OB to manage risk.
- **Take Profit (TP):** At **$4,136**, targeting higher resistance levels for optimal Risk-to-Reward (R:R).
#### **Price Action Analysis**
- **Liquidity Sweep:** Price swept sell-side liquidity below **$3,450** and rebounded, signaling potential accumulation.
- **Moving Averages:** Short-term moving averages are beginning to align upward, supporting a bullish case.
#### **Summary**
- **Risk Management:** Maintain strict SL at **$3,300**.
- **Upside Potential:** 4,136 offers a high R:R opportunity.
- **Confirmation:** Await a clear breakout or retest of the FVG for validation.
Let me know if you'd like assistance refining the plan further!
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.
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.