🔥 TRADE AND INVEST 🔥
Breakout Strategy | Trade Setup | May 10, 2025
Ethereum has recently broken out of a major downtrend line, signaling a potential bullish reversal. This chart provides a well-structured technical setup with clear entry, stop-loss, and profit targets, designed for strategic trade planning.
Key Highlights:
Downtrend Breakout: ETH has broken a long-standing downward trendline, indicating renewed bullish momentum.
Confirmed Support Zone: The price rebounded from a strong support area around $2,335, reinforcing buyer interest.
Entry Price: $2,369.1 (current trading level)
Stop Loss: $1,886 – a key level to limit downside risk.
Take Profit 1: $2,771.9 – a conservative target for partial profit booking.
Take Profit 2: $4,031.9 – the extended target in case of continued bullish momentum.
Risk-to-Reward Ratio: Well-balanced and attractive for swing traders.
This setup offers a high-potential opportunity for traders looking to capitalize on Ethereum’s breakout. Always apply proper risk management and position sizing based on your trading strategy.
⚙️ Risk: Use proper risk management — 3x–5x leverage recommended