ETHEREUM ($ETH ) BULLISH REVERSAL โ LONG SETUP ๐
Friends, $ETH has printed a strong "Rejection Wick" at the support level of $1,926. This is clear evidence that the downward momentum is ending and now the bulls have taken control of the market!
๐ TRADE STRATEGY (LONG)
๐ ENTRY ZONE: $1,970.00 โ $1,985.00 ๐ธ
๐ฏ TARGET 1: $2,030.00 โ
๐ฏ TARGET 2: $2,075.00 โ
๐ฏ TARGET 3: $2,120.00 ๐
๐ STOP LOSS: $1,880.00 ๐ก๏ธ
๐ Why this Setup? (Technical Analysis)
Support Rejection: The level of $1,926 has become a strong floor. The long wick there indicates that "Heavy Buy Orders" are placed below.
Exhaustion: The bearish trend has exhausted (Downward exhaustion), and the market is now ready to change the trend.
Liquidity Grab: The market has picked up the liquidity below and the next stop is the resistance at $2,100+.
๐ก Pro Tip: If the price retests the zone of $1,970, it will be an excellent entry. Keep booking small profits at each target and move the stop loss to the entry point.
โ ๏ธ Disclaimer: The crypto market is volatile. Be sure to do your own research (DYOR) and keep risk management in mind.
๐ฅ Comment: Do you think ETH will cross $2,200 this week? ๐
#Ethereum #ETH #CryptoTrading #BinanceSquare #TechnicalAnalysis #TradingSignals #Bullish
Friends, $ETH has printed a strong "Rejection Wick" at the support level of $1,926. This is clear evidence that the downward momentum is ending and now the bulls have taken control of the market!
๐ TRADE STRATEGY (LONG)
๐ ENTRY ZONE: $1,970.00 โ $1,985.00 ๐ธ
๐ฏ TARGET 1: $2,030.00 โ
๐ฏ TARGET 2: $2,075.00 โ
๐ฏ TARGET 3: $2,120.00 ๐
๐ STOP LOSS: $1,880.00 ๐ก๏ธ
๐ Why this Setup? (Technical Analysis)
Support Rejection: The level of $1,926 has become a strong floor. The long wick there indicates that "Heavy Buy Orders" are placed below.
Exhaustion: The bearish trend has exhausted (Downward exhaustion), and the market is now ready to change the trend.
Liquidity Grab: The market has picked up the liquidity below and the next stop is the resistance at $2,100+.
๐ก Pro Tip: If the price retests the zone of $1,970, it will be an excellent entry. Keep booking small profits at each target and move the stop loss to the entry point.
โ ๏ธ Disclaimer: The crypto market is volatile. Be sure to do your own research (DYOR) and keep risk management in mind.
๐ฅ Comment: Do you think ETH will cross $2,200 this week? ๐
#Ethereum #ETH #CryptoTrading #BinanceSquare #TechnicalAnalysis #TradingSignals #Bullish