Mr AFJ
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Actionable Trading Signal
Headline: 📈 Price Action Alert: $ETH Consolidating. My Bullish Entry Plan 📈
Ethereum is showing textbook consolidation after its recent rally. The price has been holding a crucial support zone, suggesting that buyers are stepping in and accumulating before the next move up. Here's my trade setup, but remember, this is not financial advice.
Technical Analysis:
Bullish Divergence: On the 4-hour chart, we can see a bullish divergence on the RSI. While the price has made a lower low, the RSI has made a higher low, a classic sign of weakening bearish momentum.
Key Support Held: The price has repeatedly bounced off the $4,300 support level, showing it's a strong demand zone.
Volume Profile: Trading volume has decreased during this consolidation, indicating that sellers are exhausted and there's a lack of sell pressure.
My Trade Setup:
Entry Zone: $4,380 - $4,420
Take Profit Targets:
TP1: $4,550 (Short-term scalp)
TP2: $4,700 (Mid-term target)
TP3: $4,900 (Psychological resistance)
Stop-Loss: Place a strict stop-loss at $4,280 to protect against a trend reversal.
This is a high-probability setup, but it’s crucial to manage your risk and stick to your plan. I’ll be updating my thoughts as the price action unfolds.
Call to Action: Do you agree with this analysis? Share your thoughts and let's learn together!
Hashtags: #ETH #Ethereum #CryptoTrading #TechnicalAnalysis #TradingSignal #Write2Earn #Investing
Headline: 📈 Price Action Alert: $ETH Consolidating. My Bullish Entry Plan 📈
Ethereum is showing textbook consolidation after its recent rally. The price has been holding a crucial support zone, suggesting that buyers are stepping in and accumulating before the next move up. Here's my trade setup, but remember, this is not financial advice.
Technical Analysis:
Bullish Divergence: On the 4-hour chart, we can see a bullish divergence on the RSI. While the price has made a lower low, the RSI has made a higher low, a classic sign of weakening bearish momentum.
Key Support Held: The price has repeatedly bounced off the $4,300 support level, showing it's a strong demand zone.
Volume Profile: Trading volume has decreased during this consolidation, indicating that sellers are exhausted and there's a lack of sell pressure.
My Trade Setup:
Entry Zone: $4,380 - $4,420
Take Profit Targets:
TP1: $4,550 (Short-term scalp)
TP2: $4,700 (Mid-term target)
TP3: $4,900 (Psychological resistance)
Stop-Loss: Place a strict stop-loss at $4,280 to protect against a trend reversal.
This is a high-probability setup, but it’s crucial to manage your risk and stick to your plan. I’ll be updating my thoughts as the price action unfolds.
Call to Action: Do you agree with this analysis? Share your thoughts and let's learn together!
Hashtags: #ETH #Ethereum #CryptoTrading #TechnicalAnalysis #TradingSignal #Write2Earn #Investing
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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