ETHUSDT Bullish Continuation Setup Targeting Major ResistanceTrade Setup Analysis
Timeframe: 4H (Four Hour)
Position Type: Long (Buy)
Entry Point: 3,954.58
Positioned exactly between the stop loss and take profit zones, indicating a strategic entry at the base of the bullish setup.
Stop Loss (SL): 3,693.78
Placed below a key structural support. A drop below this level would invalidate the bullish scenario. Risk is approximately -6.59% from entry.
Take Profit (TP): 5,097.24
Target set at a major resistance zone, offering a potential upside of around +28.89% from entry.
Risk/Reward Ratio: 4.38
A strong setup with over four times the reward potential compared to the risk.
Technical Outlook:
ETHUSDT remains in a strong uptrend, with the current setup leveraging a pullback entry before a potential continuation toward higher resistance levels. The large reward potential makes this an attractive swing opportunity.
Bullish Scenario: Holding above 3,954 could trigger renewed buying, pushing price toward 5,097.
Bearish Invalidation: A breakdown below 3,693 would indicate momentum loss and potential reversal.
Summary:
This setup aims to capture a strong bullish continuation from a favorable entry point, with a tight stop under structural support and a target aligned with the next resistance level.
