ETHUSDT — Bull Flag or fake beakout 📈? Trade Plan with Targets!
| 2,392.91 (-3.48%)
ETH completed Wave 3 at $2,738.50 and entered a corrective phase, forming a bullish flag. But under the hood, smart money zones are aligning: VWAP, Fibs, liquidity pools, and key levels are converging near a high-probability area. Let’s break it down:
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🟢 Bullish Setup: Long Entry with Deep Confluence
After a fakeout into the golden pocket (Sunday pump), ETH rejected the bull flag resistance. We're now eyeing a liquidity sweep of the $2,406.63 swing low, setting up a potential SFP at a crucial support zone:
Confluence @ $2,390–$2,362:
• Anchored VWAP from Wave 3 start at $1,752 → $2,390
• 1:1 Trend-Based Fib Extension → $2,386.84
• Liquidity pool below swing low
• 0.382 Fib retracement of Wave 3 → $2,361.66
• 0.618 Fib Speed Fan + bull flag support align here
📌 Long Plan:
• Entries: Ladder $2,390–$2,362
• Trigger: Clear SFP or bullish reversal
• Target 1: $3,000
• Target 2: $3,067.71 (0.618 retracement, possible Wave 5 top)
• SL: Below previous yearly open (tighten after confirmation)
• R:R: 1:5+
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🔴 Bearish Setup: Short at Rejection Zone
If ETH rallies into $3,067.71 (0.618 Fib), it becomes a key short zone — watch for momentum loss or bearish structure:
📌 Short Plan:
• Entry: Confirmed rejection at $3,067.71
• SL: Above $3,211 (above 0.666 Fib)
• Target: $2,700 or lower
• R:R: 1:2+
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🧠 Insight: Confluence = Probability
Stacking tools like VWAPs, Fibs, Liquidity Zones gives you real edge — not signals in isolation. High-probability setups happen when they all converge. Don’t chase. Plan and execute.
Trade the plan — not the impulse.
DYOR | NFA | Trade Safe