$ETH 🔥 🔥 BOOOOOOOOMMMM 🔥
📊 ETH/USDT Trade Setup — Falling Wedge Breakout
Chart Pattern:
🔻 Falling Wedge (Bullish Reversal Pattern)
ETH has been in a downtrend forming lower highs and lower lows, but the slope is converging — a classic falling wedge, often preceding a bullish breakout.
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📈 Trade Plan (Spot or Futures):
Entry:
Breakout Confirmation Entry: $2,580
→ Enter after a 4H candle closes above wedge resistance with increasing volume
Aggressive Entry (Pre-breakout): $2,510
→ Buy near wedge support for tighter stop-loss trade
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Targets:
🎯 Target 1: $2,680 (local horizontal resistance)
🎯 Target 2: $2,780 (top of wedge zone)
🎯 Target 3 (Measured Move): $2,950
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Stop-Loss:
❌ Conservative: Below wedge support at $2,470
❌ Aggressive: $2,490 (just below last swing low)
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🧠 Strategy Notes:
✅ Volume is key — wait for breakout candle with strong volume confirmation
⚠ Watch for rejection at $2,580 – could turn into a fakeout if BTC weakens
🔁 Risk/reward > 2:1 makes this setup valid; adjust size accordingly