ETH Bottom is in. Long
Overview:
This trade is based on a potential bullish reversal from a significant support level. The chart shows a strong rejection at the recent low around the 2,100 USDT level, which aligns with historical support, suggesting a possible reversal to the upside.
Entry:
Price: The entry for this trade is around 2,721.65 USDT, where the price is currently consolidating after testing support.
Target:
- Target Price: 4,091.91 USDT
- The target is set at a previous key resistance level, where price action has shown strong rejection in the past.
Stop Loss:
- Stop Loss: The stop loss is placed below the recent low at approximately 2,108.16 USDT, ensuring a risk-managed approach if the price breaks below the support level.
Trade Rationale:
- Bullish Bias: The highlighted zone shows a potential area of accumulation where buyers are stepping in, anticipating a move back toward the 4,000 USDT level.
- Risk-Reward: The trade offers a favorable risk-to-reward ratio, targeting a significant move up with a clearly defined stop loss.
This trade is based on a potential bullish reversal from a significant support level. The chart shows a strong rejection at the recent low around the 2,100 USDT level, which aligns with historical support, suggesting a possible reversal to the upside.
Entry:
Price: The entry for this trade is around 2,721.65 USDT, where the price is currently consolidating after testing support.
Target:
- Target Price: 4,091.91 USDT
- The target is set at a previous key resistance level, where price action has shown strong rejection in the past.
Stop Loss:
- Stop Loss: The stop loss is placed below the recent low at approximately 2,108.16 USDT, ensuring a risk-managed approach if the price breaks below the support level.
Trade Rationale:
- Bullish Bias: The highlighted zone shows a potential area of accumulation where buyers are stepping in, anticipating a move back toward the 4,000 USDT level.
- Risk-Reward: The trade offers a favorable risk-to-reward ratio, targeting a significant move up with a clearly defined stop loss.
Note
#ETHBTC
Note
ETH/SOL
Trade active
That was a clean trade.
We are looking for 10.000$ before a major correction.
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