๐ฅ๐ฅ$ETH /USDT BULLISH BREAKOUT SETUP๐ฅ๐ฅ
The recent price action shows strong compression between the mid-range support zone (near recent lows) and declining volatility, suggesting an upcoming expansion move. Despite the short-term dips reflected in the 7-day and 30-day performance, the higher-timeframe structure is stabilizing, with price holding above key demand levels while momentum indicators begin to flatten.
Market Structure Observation
Price has repeatedly defended the lower band of the range, signaling buyer absorption.
Short-term momentum is shifting upward, indicating a potential bullish continuation if the range high breaks.
TRADING PLAN โ LONG ENTRY Entry: On a confirmed break and hold above the recent resistance zone
Targets (TP):
โข TP1: First liquidity zone above resistance
โข TP2: Mid-range breaker
โข TP3: High-timeframe resistance zone
Stop-Loss (SL):
Below the most recent swing low where buyers previously stepped in.
RISK MANAGEMENT:
Use position sizing strictly under 1โ2% account risk. Stick to stop-loss discipline and avoid over-leveraging.
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