Market Context: ETH is currently testing a double resistance area (horizontal and diagonal). This setup is ideal for a breakout trade. A clean breakout followed by a throwback would offer a favorable entry point with potential for upside movement.
Trade Setup:
Entry: Around $2,800 (after breakout confirmation and throwback)
Take Profit:
First target: $3,000
Second target: $3,200
Stop Loss: Close below $2,600
This breakout setup aims to capture upward momentum if ETH clears the double resistance zone. #ETH
Trade Setup:
Entry: Around $2,800 (after breakout confirmation and throwback)
Take Profit:
First target: $3,000
Second target: $3,200
Stop Loss: Close below $2,600
This breakout setup aims to capture upward momentum if ETH clears the double resistance zone. #ETH
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.