$ETHFI (LONG ) TRADE SETUP & ANALYSIS

Bullish Scenario (Breakout Retest Strategy):

Entry: $1.35–$1.40 on retest of neckline or breakout continuation.

Stop-Loss: Below $1.23

Targets:

TP1: $1.50 (local resistance)

TP2: $1.65

TP3: $1.75+ (extended target if volume confirms)

Current Price: $1.396 (+15.31%)

Structure: Potential Inverse Head & Shoulders (classic bullish reversal pattern)

Heikin Ashi Candles: Showing strong green momentum — potential confirmation of breakout.

Moving Averages: Price just reclaimed the green EMA (likely 20 or 50 EMA), indicating bullish strength.

Technical Analysis:

1. Pattern Recognition:

Marked H - L - L, which hints at an Inverse Head & Shoulders.

The right shoulder break came with momentum, suggesting the neckline around $1.30–$1.35 has been broken.

If this pattern holds, it suggests a medium-term upside move is likely.

2. Key Price Levels:

LevelTypeComment$1.26 – $1.30Neckline/SupportKey breakout zone$1.50 – $1.60Resistance ZoneHistorical supply; next challenge$1.70+Major ResistanceTarget from pattern + historical zone

3. Indicators & Momentum:

EMA Crossover: Price pushed above both moving averages.

Heikin Ashi Trend: Clean green candles with no bottom wicks — strong bullish momentum.

Volatility Index (~0.65): Implies average volatility. Room for expansion if momentum continues.

Trade $ETHFI