ETH has bounced off 4H trend support and is coiling into a falling wedge—volatility is low, so a sharp move is likely.1. Context & Structure
• Rejection off trendline at ~$2,516.50 (diagonal resistance)
• Price contained in a tightening wedge after correction
• Holding above wedge support since the last low
2. Key Levels
• Resistance break: $2,520
• Lower wedge base/buy zone: $2,289.27–$2,270
• Stop-loss: Weekly/4H close below $2,270
• Primary take-profit: $3,050.50
3. Trading Plan
– Primary: Go long on a 4H close > $2,520; target $3,050.50; SL < $2,270
– Alternate: If rejected at resistance, wait for a pullback into $2,289–$2,270; look for a bullish MSB or reversal candle to enter the long with the same TP/SL
Trade confirmed breakouts or clean reversal signals—avoid FOMO and overleveraging. 🚀
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.
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.