Ethereum
Long
Updated

ETH/USD BUY SETUP 1-HOUR

311
Based on the chart we provided (ETH/USD 1H from TradingView), here’s a technical analysis for potential Take Profit (TP) and Stop Loss (SL) levels:


🟢 Buy Setup Analysis (From the yellow demand/support zone)

Entry Zone:

Around $2,556 – $2,563 (current price zone and consolidation before projected breakout)


Stop Loss (SL):

Just below the yellow support zone:
🔻 $2,320 – $2,350
(Safe buffer under the strong support area marked by blue arrows)


Take Profit Levels (TP):

1. 🥇 TP1: $2,600 – $2,610

Just below the resistance level formed previously (also at the consolidation zone)


2. 🥈 TP2: $2,735 – $2,745

Matches previous significant rejection point (marked by red arrows)

3. 🥉 TP3 (Max Target): $2,754 – $2,760

Major resistance area, strong supply zone


🔴 Risk Management Summary:

Parameter Value

Entry $2,556 – $2,563
SL $2,320 – $2,350

TP1 $2,600
TP2 $2,735
TP3 $2,754

🛡 Risk/Reward Ratio: At least 1:2 or better if targeting TP2 or TP3.
Trade active
TP 1 Clear 2610

Disclaimer

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