$ETH /USDT: Bullish Breakout Opportunity
Breakout Unleashed:
Ethereum has broken out above a major resistance near $1,849, with strong bullish momentum pushing the price to $1,857. This breakout signals potential continuation toward the next key target as bulls dominate the chart.
Trade Setup (Long):
- Entry: $1,849 - $1,862
- Take Profit (TP): $1,918
- Stop Loss (SL): $1,820
Market Outlook:
- Validated Breakout: ETH has turned a crucial resistance zone into support, validating the breakout.
- Bullish Continuation: With buyers stepping in strongly, this setup targets the $1,918 level.
- Key Support: As long as the price holds above $1,849, bullish continuation is likely.
Risk Management:
- Stick to Stop-Loss: Always manage risk and stick to your stop-loss to protect your investment.
- Trade with Caution: Monitor the market closely and adjust your strategy as needed to maximize returns.
