Market Update:
ETH has been consolidating in an accumulation phase after a strong bearish trend on the 4-hour timeframe. This phase often indicates that smart money is positioning for the next big move!
Key Levels to Watch:
🔹 Resistance Level: 2920
🔹 Support Level: 2500
Bullish Confirmation Strategy:
🔹 Breakout of the accumulation phase
🔹 Break of the resistance level
🔹 A 4H candle closure above resistance
Trade Setup:
Once these confirmations are in place, we can anticipate a strong bullish rally. I'll be looking for long entries with proper risk management and a favorable risk-to-reward ratio.
What’s Your Take?
Will #ETH break out, or will bears take control again? Drop your thoughts in the comments!
#ETH #Crypto #Trading #Breakout #CryptoTrading
ETH has been consolidating in an accumulation phase after a strong bearish trend on the 4-hour timeframe. This phase often indicates that smart money is positioning for the next big move!Key Levels to Watch:
🔹 Resistance Level: 2920
🔹 Support Level: 2500
Bullish Confirmation Strategy:
🔹 Breakout of the accumulation phase
🔹 Break of the resistance level
🔹 A 4H candle closure above resistance
Trade Setup:
Once these confirmations are in place, we can anticipate a strong bullish rally. I'll be looking for long entries with proper risk management and a favorable risk-to-reward ratio.
What’s Your Take?
Will #ETH break out, or will bears take control again? Drop your thoughts in the comments!
#ETH #Crypto #Trading #Breakout #CryptoTrading
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.