$ETH / USDT
The price is moving inside a short-term descending channel while holding near the 200 EMA support. This often signals a possible bullish breakout if resistance is broken. 📈
Trade Setup (Long)
Entry:
Around $1995 – $1998 after a candle closes above the small downtrend line.
Take Profit:
TP1: $2015
TP2: $2035
TP3: $2060
Stop Loss:
$1975 (below the EMA 200 support)
The chart shows three small falling channels, which usually act as bullish continuation patterns.
Price is also sitting above the 200 EMA, meaning buyers still control the trend.
If price breaks the downward trendline, it can move up toward the resistance area shown by the green zone.
If price falls below $1975, the setup becomes invalid.
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