SIGNAL: LONG / BUY (4h Breakout Setup)
Entry Zone: 2,390 - 2,405 (Wait for a 4h candle close above 2,396 to confirm breakout)
Take Profit (TP):
- TP1: 2,480
- TP2: 2,550
- TP3: 2,650
Stop Loss (SL): 2,320 (Strict)
Explanation:
On the 4-hour timeframe, ETH/USDT is showing powerful bullish momentum, currently testing the major 24-hour resistance at 2,396.03. Transitioning to the 4h chart is a significant step for technical accuracy, as it filters out the market noise found on lower timeframes and represents stronger institutional sentiment. The massive volume ($1.27B USDT) confirms that this move is backed by real liquidity. A confirmed breakout above the current high validates a much larger leg up. If the price fails to break, a healthy retrace to the 2,300 support zone is expected before the next attempt.
Disclaimer:
Cryptocurrency trading is highly volatile and involves significant risk. This analysis is for educational purposes only. Always do your own research (DYOR) before taking any trade and strictly use a Stop Loss. I am not responsible for any financial losses.
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