Overview:
This trade is based on a potential bullish reversal from a significant support level. The chart shows a strong rejection at the recent low around the 2,100 USDT level, which aligns with historical support, suggesting a possible reversal to the upside.
Entry:
Price: The entry for this trade is around 2,721.65 USDT, where the price is currently consolidating after testing support.
Target:
- Target Price: 4,091.91 USDT
- The target is set at a previous key resistance level, where price action has shown strong rejection in the past.
Stop Loss:
- Stop Loss: The stop loss is placed below the recent low at approximately 2,108.16 USDT, ensuring a risk-managed approach if the price breaks below the support level.
Trade Rationale:
- Bullish Bias: The highlighted zone shows a potential area of accumulation where buyers are stepping in, anticipating a move back toward the 4,000 USDT level.
- Risk-Reward: The trade offers a favorable risk-to-reward ratio, targeting a significant move up with a clearly defined stop loss.
This trade is based on a potential bullish reversal from a significant support level. The chart shows a strong rejection at the recent low around the 2,100 USDT level, which aligns with historical support, suggesting a possible reversal to the upside.
Entry:
Price: The entry for this trade is around 2,721.65 USDT, where the price is currently consolidating after testing support.
Target:
- Target Price: 4,091.91 USDT
- The target is set at a previous key resistance level, where price action has shown strong rejection in the past.
Stop Loss:
- Stop Loss: The stop loss is placed below the recent low at approximately 2,108.16 USDT, ensuring a risk-managed approach if the price breaks below the support level.
Trade Rationale:
- Bullish Bias: The highlighted zone shows a potential area of accumulation where buyers are stepping in, anticipating a move back toward the 4,000 USDT level.
- Risk-Reward: The trade offers a favorable risk-to-reward ratio, targeting a significant move up with a clearly defined stop loss.
Note
#ETHBTC
Note
ETH/SOL
Trade active
That was a clean trade.We are looking for 10.000$ before a major correction.
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💎💎 - Discord: discord.gg/gHKNVMyEvd
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Disclaimer
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💎💎- Professional Trader
💎💎 - Discord: discord.gg/gHKNVMyEvd
💎💎 - Trading Course: liquiditysweep369.carrd.co/
💎💎 - Discord: discord.gg/gHKNVMyEvd
💎💎 - Trading Course: liquiditysweep369.carrd.co/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.