Last week's 
ETHUSDT price action performed perfectly according to our scenarios - hitting our first target and establishing a new local high. Currently, price remains above the weekly reversal level at $3,751, maintaining potential for an advance toward Resistance #2.
Key Considerations:
Trade Plan:
As always, confirmation is key - trade the breaks, not the anticipations
ETHUSDT price action performed perfectly according to our scenarios - hitting our first target and establishing a new local high. Currently, price remains above the weekly reversal level at $3,751, maintaining potential for an advance toward Resistance #2.Key Considerations:
- While above $3,751 → Resistance #2 remains in play
- Break below reversal level + trendline → Likely retest of last week's low
- Such breakdown would likely breach both primary support levels
Trade Plan:
- Bulls: Watch for continuation above $3,751
- Bears: Require confirmed break of trendline + reversal level
As always, confirmation is key - trade the breaks, not the anticipations
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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.
✅My Telegram
t.me/trading_mura
t.me/trading_mura
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.