ETH/USD BUY SETUP 1-HOUR Based on the chart we provided (ETH/USD 1H from TradingView), here’s a technical analysis for potential Take Profit (TP) and Stop Loss (SL) levels:
🟢 Buy Setup Analysis (From the yellow demand/support zone)
Entry Zone:
Around $2,556 – $2,563 (current price zone and consolidation before projected breakout)
Stop Loss (SL):
Just below the yellow support zone:
🔻 $2,320 – $2,350
(Safe buffer under the strong support area marked by blue arrows)
Take Profit Levels (TP):
1. 🥇 TP1: $2,600 – $2,610
Just below the resistance level formed previously (also at the consolidation zone)
2. 🥈 TP2: $2,735 – $2,745
Matches previous significant rejection point (marked by red arrows)
3. 🥉 TP3 (Max Target): $2,754 – $2,760
Major resistance area, strong supply zone
🔴 Risk Management Summary:
Parameter Value
Entry $2,556 – $2,563
SL $2,320 – $2,350
TP1 $2,600
TP2 $2,735
TP3 $2,754
🛡 Risk/Reward Ratio: At least 1:2 or better if targeting TP2 or TP3.
