"When there's a change of character, it often leads to a good trade."

📊 $ETH $ETH /USDT Trade Setup Based on ChoCh

Context:
ETH has been in a downtrend, but the chart now shows consolidation near the 4,412 USDT level. If price breaks above the recent lower high with volume and momentum, that would confirm a Change of Character, suggesting bulls are gaining control.

🔍 Key Zones

TypePrice Zone (USDT)DescriptionResistance4,450 – 4,475Red zone; previous supply areaSupport4,408 – 4,369Yellow zone; base of consolidationTarget Zone4,525 – 4,575Blue zone; projected breakout target

📈 Trade Plan

Entry: 4,415 – 4,420 USDT (after ChoCh confirmation)

Stop Loss: Below 4,408 USDT (to protect against false breakout)

Take Profit:

TP1: 4,450 USDT

TP2: 4,475 USDT

🧠 Risk Management

Apply your 1% rule. For example:

Risk: $100

Entry: 4,418

SL: 4,408 → Risk per unit: $10

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