Your analysis on $ETH/USDT shows a well-structured short-term trading plan after a strong reaction off the $3,616 support. Here’s a breakdown of key takeaways and considerations:
### Key Observations:
✅ Higher Lows Forming – Indicates weakening selling pressure and potential shift in momentum.
✅ Volume Building Up – Suggests increasing interest, possibly from buyers stepping in.
✅ Strong Bounce from Support – A solid defense at $3,616 reinforces its importance.
### Trade Plan Strengths:
✔ Clear Entry Zone ($3,700–$3,730) – A retest of this area with confirmation (e.g., bullish candlestick patterns or rising volume) could offer a solid risk/reward.
✔ Tight Stop ($3,645) – Protects against a false breakout while keeping risk manageable.
✔ Multiple Take-Profit Levels – Allows partial profit-taking while leaving room for upside.
### Watch Out For:
⚠ Confirmation Needed – A clean break & close above $3,730 (preferably with momentum) would strengthen the bullish case.
⚠ Resistance at $3,878 – If price reaches this zone, watch for rejection or consolidation.
⚠ Market Sentiment – Broader crypto trends (BTC dominance, macro news) could impact ETH’s move.
### Alternative Scenario:
- If $3,616 fails to hold, next major support lies near $3,500–$3,550.
- A drop below $3,645 (stop level) could signal a fake breakout, invalidating the setup.
### Final Thought:
Your patience-focused approach is key—waiting for confirmation above $3,730 reduces false signals. If the setup triggers, the 1:3+ risk-reward ratio is solid.