$ETH on the 15-minute time frame. 📈
We have just seen a clean breakout above a descending resistance trendline that has been holding price down since yesterday.
Currently, price is consolidating right at the breakout zone. This setup presents a solid risk-to-reward opportunity for a short-term long position as long as we hold above the recent lows.
Here are the levels based on the chart setup:
🟢 Long Entry Zone: $1,973 - $1,975 (Current levels)
🎯 Target (TP): $1,995.79
🛑 Stop Loss (SL): $1,967.64
Note: This is a lower timeframe setup, so things move fast. Manage your risk accordingly!
What are your thoughts on ETH here? Are you bullish or bearish for the rest of the day? 👇
#ETH #CryptoTrading #TradingSignal #Ethereum #Binance Let's trade.
We have just seen a clean breakout above a descending resistance trendline that has been holding price down since yesterday.
Currently, price is consolidating right at the breakout zone. This setup presents a solid risk-to-reward opportunity for a short-term long position as long as we hold above the recent lows.
Here are the levels based on the chart setup:
🟢 Long Entry Zone: $1,973 - $1,975 (Current levels)
🎯 Target (TP): $1,995.79
🛑 Stop Loss (SL): $1,967.64
Note: This is a lower timeframe setup, so things move fast. Manage your risk accordingly!
What are your thoughts on ETH here? Are you bullish or bearish for the rest of the day? 👇
#ETH #CryptoTrading #TradingSignal #Ethereum #Binance Let's trade.