#ETHBreaks4000 I’m choosing to go long with targets above $4,200 (option 1). The breakout above a historically stubborn resistance level, combined with rising volume, signals bullish momentum that I want to capitalize on. My target range is $4,200–$4,350, aligning with the potential continuation mentioned in the query. To manage the risk of a fakeout, I’ll set a stop-loss below the breakout zone, around $3,950. This protects me if the price reverses and fails to hold the newly broken level. Why This Strategy?

  • Breakout Strength: The clean break above $3,950–$3,980, a level that previously rejected price multiple times, indicates a shift in market dynamics. Rising volume reinforces this as a legitimate move rather than a fluke.

  • Upside Potential: If ETH maintains its position above this zone, the next logical targets are $4,200 and potentially $4,350, offering a solid risk-reward opportunity.

  • Risk Management: A stop-loss below $3,950 limits my downside if this turns out to be a fake out, ensuring I’m not caught in a sharp reversal.

Why Not the Alternatives?

  • Waiting for a Retest (Option 2): While waiting for the price to retest the $3,950–$3,980 zone as support could provide additional confirmation, it also risks missing the move if ETH continues upward without pulling back. I’d rather take the opportunity now with a defined exit plan than wait and potentially lose out.

  • Shorting into Strength (Option 3): Shorting against this momentum seems too risky. The rising volume and clean breakout don’t show immediate signs of exhaustion or overbought conditions that would justify betting on a reversal.

Final Thoughts I'm entering a long position at the current price of $4,002.7, aiming for $4,200–$4,350, with a stop-loss at $3,950. This gives me a favorable risk-reward ratio—roughly 1:3.7 if targeting $4,200—and positions me to benefit from the bullish momentum while keeping my risk in check. I’ll keep an eye on volume and price action to adjust if needed, but for now, I’m riding the wave up! What do you think—any tweaks you’d suggest? Disclaimer: I am not a financial adviser; please Research