#ETH coin's liquidation occurred at 1863. The 4-hour candle confirms a potential pullback at 1818. A minor change of character has also happened. This could be a good intraday trade.
$ETH /USDT BREAKOUT LOADING - BULLS GETTING READY TO ROAR!
ETH/USDT is pressing against a key horizontal resistance at $1580 after a steady ascending support push. Current price is $1577.20, just beneath the breakout level. If bulls succeed in closing above $1581 with strength, a quick move toward $1600+ is highly probable.
Trade Setup (LONG): • Entry: On confirmed 15M candle breakout and close above $1581 • Take Profit (TP): $1600 • Stop Loss (SL): $1573
Market Outlook: ETH is showing signs of bullish pressure, forming higher lows. A clean breakout above $1581 could unlock a strong upward continuation. However, caution is needed if the breakout fails, as it could trigger a short-term rejection back to support.
Risk Management: Use strict stop loss and risk only 1-2% per trade. Adjust SL to break-even once price moves near TP.
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