🟢 ETHFI/USDT – 4H Double Bottom Breakout
ETHFIUSDT.P
📍 Timeframe: 4H
📊 Setup Type: Double Bottom (Reversal)
⚠️ Risk Level: Low-Moderate
🧠 Technical Breakdown:
Price has formed a Double Bottom pattern, a strong reversal structure signaling seller exhaustion and potential trend reversal:
Both bottoms are well-defined and near-equal in depth, signaling accumulation.
The breakout above the neckline (White Lines) following a successful retest of the horizontal support (previously as a resistance zone) confirms the bullish intent.
Price is now attempting to break the horizontal resistance zone.
This is a bullish continuation setup following confirmation of the structure breakout.
🎯 Trade Setup Parameters:
Entry Zone:
$0.5251– $0.5193 (White lines)
Stop Loss: $0.4681 (4H CC below it)
Target Projections: Blue Lines
⚙️ Strategy Notes:
Wait patiently for a breakout and a successful retest.
Setup Invalidation below $0.4852 would negate the pattern.
Watch volume for breakout continuation as an additional confirmation.
Risk exposure: 1-2% max of your capital.
⚠️ Disclaimer:
This is a probability-based idea, not financial advice. Stick to your plan, always use a stop-loss.
#NFA #DYOR
ETHFIUSDT.P 📍 Timeframe: 4H
📊 Setup Type: Double Bottom (Reversal)
⚠️ Risk Level: Low-Moderate
🧠 Technical Breakdown:
Price has formed a Double Bottom pattern, a strong reversal structure signaling seller exhaustion and potential trend reversal:
Both bottoms are well-defined and near-equal in depth, signaling accumulation.
The breakout above the neckline (White Lines) following a successful retest of the horizontal support (previously as a resistance zone) confirms the bullish intent.
Price is now attempting to break the horizontal resistance zone.
This is a bullish continuation setup following confirmation of the structure breakout.
🎯 Trade Setup Parameters:
Entry Zone:
$0.5251– $0.5193 (White lines)
Stop Loss: $0.4681 (4H CC below it)
Target Projections: Blue Lines
⚙️ Strategy Notes:
Wait patiently for a breakout and a successful retest.
Setup Invalidation below $0.4852 would negate the pattern.
Watch volume for breakout continuation as an additional confirmation.
Risk exposure: 1-2% max of your capital.
⚠️ Disclaimer:
This is a probability-based idea, not financial advice. Stick to your plan, always use a stop-loss.
#NFA #DYOR
Trade closed: target reached
All targets achieved.Duration: 3Days
Price: 17.50% increased from our entry price.
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.