Ethereum (ETH/USDT) Long Trade Setup : Analyzing Key Levels 🚀
#ETHUSDT #longtrade #ETHUSDT. #BinanceSquareFamily #Write2Earn Key Observations :
Recent CHoCH (Change of Character) :
A shift in market structure observed on the H1 timeframe, signaling a potential upside move.
H4 Lows Swept : Price cleared liquidity at the H4 lows, often a precursor to reversals.
Identified Entry Levels :
Primary Entry Zone : Around $3,146 - $3,194
Secondary Entry Zone : Around $3,024 - $2,978
Targets and Resistance Levels :
Immediate Target : $3,600
Major Resistance : $3,746
Risk-to-Reward Setup :
This trade presents a favorable risk-to-reward ratio with a clear invalidation zone below $2,978. Successful execution could yield a substantial upside if price reclaims key resistance levels.
Conclusion :
The recent CHoCH on H1 and liquidity sweep below the H4 lows highlight a strong bullish opportunity. If the price respects the identified zones, ETH could rally toward $3,600 and beyond.
Pro-Tip :
Watch for bullish confirmations (candlestick patterns or volume spikes) at the identified levels.
Manage risk with stop-losses below invalidation zones.
Advice to Investors :
Be cautious of market volatility. Align entries with your trading strategy and consider partial profit-taking at resistance levels. Ethereum's structure suggests a potential move upward, but patience and discipline remain crucial. 📈