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$ETH Eth/USDT Price Movement: Trading Levels & Strategy ๐ Long Position (Bullish Breakout) Entry Point: $3,028.53 (current price near the breakout level). ๐ป Stop Loss: $2,963.65 (below the recent swing low and key support). Take Profit: ๐ฏ Target 1: $3,260 (immediate resistance). ๐ฏ Target 2: $3,275 (next major resistance). Risk/Reward Ratio: Approximately 1:2.5. Technical Analysis Chart Pattern: A descending triangle pattern is observed with a breakout above the resistance line. The price is breaking out of the descending trendline, suggesting bullish momentum. Key Levels: Resistance Levels: $3,260 (immediate resistance and target area). $3,275 (major supply zone above the breakout). Support Levels: $3,003 (breakout level and immediate support). $2,963 (major support, previous low). Indicators: Parabolic SAR: Bullish signal with dots below the price, confirming upward momentum. Volume: Monitor for volume confirmation to validate the breakout. Trendline Break: Clear upward breakout from the descending trendline. #ETH๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ #DollarRally110 #BTCMove
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$XLM XLM/USDT Price Movement: Trading Levels & Strategy ๐ Long Position (Bullish Continuation) Entry Point: $0.4137 (current breakout level or slight retracement for better entry). ๐ป Stop Loss: $0.4042 (below the major support zone to account for false breakouts). ๐ฏ Take Profit:Target 1: $0.4300 (immediate resistance). ๐ฏ Target 2: $0.4381 (next resistance zone). Risk/Reward Ratio: Approximately 1:2.5, depending on entry and stop levels. Key ConsiderationsConfirmation: Ensure the breakout sustains above $0.4118 with strong volume.Market Conditions: Monitor the broader market sentiment and Bitcoin's price movement as they influence altcoin trends.Trailing Stop: Consider using a trailing stop loss to lock in profits if the price continues upward.Volume Analysis: A breakout with low volume may lack conviction, so watch for strong buying pressure. Technical Analysis Chart Pattern: The chart shows a breakout from a descending trendline, suggesting a potential reversal or continuation of bullish momentum.The breakout is supported by bullish candlesticks forming above the trendline. Key Levels: Immediate Resistance: $0.4300 (psychological level and local resistance).Immediate Support: $0.4118 (breakout level and previous consolidation zone).Next Major Resistance: $0.4381 (strong supply zone above the breakout).Major Support: $0.4042 (previous low and key demand zone). #XLM/ #CryptoETFNextWave #GuessBTCsBottom #BTCMove
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