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Has the pancake bottomed out? Bought near 115
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Armaghan Ahmad
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$ETH Ethereum's recent breakout above $3,427 resistance with strong volume and a clean retest has indeed opened up the possibility for a run toward $3,500+. Here's a breakdown of the current situation ¹ ² ³: - *Current Price*: $3,427.41, with a 2.13% increase - *Entry Zone*: $3,427 – $3,437 seems like a solid entry point, given the recent breakout - *Target*: $3,504 is a potential target, with some analysts predicting further upside potential to $3,500+ or even $4,400 - *Stop Loss*: Below $3,396 is a good stop loss point to limit potential losses - *Leverage*: 10x leverage can amplify potential gains, but be cautious of liquidation risks - *Risk Allocation*: Allocating 2-3% of your wallet to this trade is a good risk management strategy *Key Insights:* - *Bullish Momentum*: Higher lows on the 15m chart indicate building momentum, supporting a bullish case - *Volume Surge*: A significant increase in trading volume during the breakout confirms strong buyer interest - *Resistance Levels*: $3,504 is a key target, but watch out for potential resistance at $3,500 and beyond *Trading Strategies:* - *Long Position*: Consider a long position within the entry zone, with a target of $3,504 and a stop loss below $3,396 - *Risk Management*: Maintain a tight stop loss and adjust position sizes according to your risk tolerance - *Monitor Volume*: Keep an eye on trading volume to confirm the breakout and potential continuation of the bullish trend Keep in mind that cryptocurrency markets can be volatile, and prices may fluctuate rapidly. Always do your own research and consider multiple sources before making trading decisions ² ³.#BinanceHODLerERA #PowellVsTrump #AltcoinSeasonLoading #BTC120kVs125kToday #ETH $ETH
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$GLM M breaks key descending trendline! Spot buyers showing interest 💥 Now aiming for a smooth 2x move ahead 👀 🎯 Targets: 0.300 0.400 0.500 0.600 0.700 #AltcoinSeasonLoading #BinanceHODLerERA #BTCWhaleTracker #GLMUSDT #USCryptoWeek $GLM
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