#ETHUSDT Long Trade Setup 🔥
Looking at the current price action on ETH/USDT, we have a potential long setup forming after price broke out of the descending channel. Here’s the detailed breakdown:
📊 Entry Point:
Enter the trade at $2,517.40, as price has shown bullish momentum and is testing resistance.
💥 Take Profit Levels:
TP1: $2,548.35 (First target after resistance break)
TP2: $2,610.17 (Next key resistance level)
TP3: $2,650.00 (Target if bullish momentum continues)
⚠️ Stop Loss:
Set the stop loss at $2,450.00, just below the previous swing low to limit risk.
📈 Trade Rationale:
The breakout from the descending channel indicates a potential upward move, and the volume confirms strong buying pressure. As long as ETH/USD holds above the $2,450 level, we expect the price to push higher.
#ETH