ETHFI Bulls Return — Double Bottom Reversal in Play🟢 ETHFI/USDT – 4H Double Bottom Breakout
BINANCE: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
