ETH/USD – Bullish Breakout Setup | Eyeing Higher Levels
Ethereum is currently trading near a key descending trendline on the 1H chart. Price action is showing signs of strength, with higher lows forming and volume gradually building—potential signals of a bullish breakout.
Trade Setup:
Entry: ~2550 (breakout confirmation zone)
Stop Loss: 2491 (below key support zone)
Take Profit 1: 2641
Take Profit 2: 2756
This setup offers a favorable risk-to-reward ratio and targets the next major resistance zones. A breakout above the trendline could trigger momentum toward higher levels.
Note: This is not financial advice. Always manage your risk and follow your own analysis before entering a trade.
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