๐ข $ETH /USDT TRADE OUTLOOK โ 1H CHART
๐ฅ KEY LEVELS IN PLAY | SWEEP & REJECTION OR BREAKOUT
$ETH is approaching a decisive zone with two potential scenarios unfolding:
๐น Bullish Scenario
Setup: Sweep above 2525, tap into 2544 resistance zone, and hold above 2525 on retest.
Long Entry: Break and retest of 2525 with strong bullish confirmation.
Take Profit: 2544
Stop Loss: Below the retest swing low.
๐ป Bearish Scenario
Setup: Wick up into 2544 and rejection, or failed breakout above 2525 with bearish reversal signal.
Short Entry: Rejection from 2544, or failed hold above 2525.
Take Profit Targets:
๐ฏ TP1: 2500.8
๐ฏ TP2: 2487.5
๐จ Deeper Downside: Opens towards 2419.7 if local supports break.
Stop Loss: Above the swing high formed at rejection.
๐ Market Outlook Watch for liquidity grabs above recent swing highs. Quick reversals after manipulation can provide clean short opportunities.
๐ญ Bias: Turns bullish only with a sustained hold above 2525. Otherwise, remain cautious for downside moves.