$ETH
The 4-hour chart for ETH/USDC
🟢 Trade Setup (Long Position)
• Entry Zone:
4,260 – 4,300 USDC
Reasoning:
Price has broken above EMA(9) and EMA(21), showing early bullish momentum.
A strong bullish candle just closed above resistance (~4,187), with increased volume and StochRSI breakout.
Price is nearing the EMA(50) at 4,318.84, which may act as a short-term resistance — hence entry slightly below it is favorable.
🔴 Stop Loss:
4,060 USDC
Reasoning:
Just below the recent swing low at 4,063.27.
If price drops below that level, it could invalidate the short-term bullish setup.
🎯 Take Profit Targets
• TP1: 4,347 USDC
Near recent horizontal resistance and where price may retest before deciding further.
• TP2: 4,507 USDC
Next visible resistance level on the chart.
Near the highs from previous minor peaks.
• TP3: 4,667 USDC
Approaching the previous high from mid-chart.
Likely a strong resistance and a good final target for this short to mid-term move.
✅ Summary
Zone
Price (USDC)
Entry 4,260 – 4,300
Stop Loss 4,060
TP1 4,347
TP2 4,507
TP3 4,667
