ETH/USDT 4-Hour Chart Analysis & Trade Plan
Overview:
ETH/USDT is trading at $3,467.01, consolidating after a recent move up. The chart shows a higher low pattern, hinting at a potential bullish breakout. Immediate resistance is at $3,500, with support at $3,420.
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Key Levels:
Support: $3,420, $3,400
Resistance: $3,500, $3,600
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Trading Strategy:
1. Range Strategy:
Buy: $3,420-$3,430
Stop Loss: $3,400
Take Profit: $3,490-$3,500
2. Breakout Strategy:
Buy: After a 4H close above $3,500
Stop Loss: $3,460
Take Profit: $3,600-$3,650
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Conclusion:
ETH/USDT is primed for a breakout. Watch for a move above $3,500 to confirm bullish momentum. Manage your risk, and trade smart!
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