๐จ $ETH Trade Setup โ Long or Short? Market at a Critical Pivot ๐จ
Ethereum ($ETH ) is approaching a key decision point on the charts, and both bulls and bears have opportunities โ but only if played smart.
๐ LONG Setup: Iโm watching the $2,525โ$2,530 zone for potential long entries. This area has held up as short-term support, and the bounce potential looks solid.
๐ Stop-loss would be just below $2,495 โ beneath the recent swing low and moving average support.
๐ฏ Targets:
TP1: $2,546 โ recent local high
TP2: $2,551โ$2,555 โ aligning with MA(99) resistance
๐ SHORT Setup: If ETH fails to break through the $2,546โ$2,550 resistance zone and shows a rejection candle, Iโll consider a short.
๐ Stop-loss: Above $2,558
๐ฏ Targets:
TP1: $2,510 โ mid-range
TP2: $2,483โ$2,485 โ local support base
This is not financial advice โ just how Iโm planning my ETH trades based on current market structure and confluence zones. Letโs see which way the breakout happens. ๐