$ETH /USDT Trading Signal - Recovery Momentum in Play
Entry Range: $3,280 - $3,300
Targets:
Target 1: $3,320
Target 2: $3,360
Stop-Loss: $3,240
Observation:
$ETH /USDT shows a strong recovery after bouncing from a local low at $3,158. The price is now consolidating above $3,280, indicating bullish momentum. Immediate resistance lies near $3,320, which, if broken, could lead to $3,360 in the short term. Traders should monitor volume for further confirmation of upward movement.
Advantages of this Setup:
1. Bounce from Key Support: The bounce at $3,158 adds strength to this recovery, providing a strong base for the bullish setup.
2. Close Resistance Targets: Quick profit opportunities with manageable risk.
3. Momentum Building: The recovery suggests buyers are gaining control, potentially driving further upward moves.
Use proper risk management and adjust stop-loss levels dynamically as the price progresses.