Current Price: 0.983
Timeframe: 1h
Support Level: 0.903
Resistance Level: 1.038
Entry Zone: 0.970 โ 0.985
๐ฏ Trade Targets:
TP1: 1.010
TP2: 1.030
TP3 (Final Target): 1.060
Stop Loss: Below 0.895
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I is showing a solid recovery from its recent low at 0.903, signaling a resurgence in bullish momentum. The asset is now approaching a key resistance level at 1.038. A breakout above this threshold could serve as the next catalyst for a rally toward the higher trade targets outlined above.
The entry zone between 0.970 and 0.985 provides an attractive area for positioning, especially with confirmation of ongoing upward strength on lower timeframes. Keep an eye on volume and candle structure near resistanceโthese will be strong indicators of whether a breakout is likely or if a retest is needed before continuation.
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๐ก๏ธ Risk Management Tip:
No matter how strong a setup looks, always use a stop loss before entering any trade. I recommend not risking more than 2% of your trading capital on a single position. Maintaining patience and discipline is essentialโthese are the traits that protect your portfolio over the long term and separate consistent traders from impulsive ones.
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๐ Trade responsibly and stay updated with price action.
#ETHFI #TradingSignals #CryptoAnalysis
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