$ETH /USDT – LONG TRADE SETUP
Current Price: 4,622.57
Market Structure: Price is holding a bullish bias with higher lows forming despite recent pullback from 4,788 resistance. Buyers are showing interest near 4,450 support.
ENTRY LEVEL:
Go long between 4,600 – 4,630 after confirmation of bullish momentum.
STOP LOSS:
Place stop loss below 4,450 to safeguard against deeper corrections.
TARGET POINTS:
TP1: 4,700
TP2: 4,760
TP3: 4,820
TRADE ANALYSIS:
$ETH remains in a larger uptrend, with short-term retracement offering a potential re-entry opportunity. If price holds above 4,600 with strong volume, bulls could push towards recent highs. Watch for rejection wicks at the entry zone or bullish engulfing patterns for confirmation before entering.