ETHFI pulled back into the 1.53 support zone after a breakout and is showing signs of holding. This creates a clean long setup with favorable risk-to-reward.
Entry Zone: 1.53 – 1.54
Stop Loss: 1.50 (below support)
Target Zone: 1.59+
Risk/Reward: ≈ 1:2
Why Long?
Price broke out, retested support, and bounced from ascending trendline.
Consolidation forming under 1.55 resistance with higher lows.
Strong bullish momentum since September 11th remains intact.
📊 Plan:
As long as price holds above 1.50, I’m looking for continuation toward 1.59–1.60. A break below 1.50 would invalidate the setup.
⚡ Conservative traders can take partial profits at 1.558 (red line resistance).
💡 Reminder: Always trade with proper risk management.
Hashtags for TradingView:
#Crypto #ETHFI #Breakout #LongTrade #PriceAction
Entry Zone: 1.53 – 1.54
Stop Loss: 1.50 (below support)
Target Zone: 1.59+
Risk/Reward: ≈ 1:2
Why Long?
Price broke out, retested support, and bounced from ascending trendline.
Consolidation forming under 1.55 resistance with higher lows.
Strong bullish momentum since September 11th remains intact.
📊 Plan:
As long as price holds above 1.50, I’m looking for continuation toward 1.59–1.60. A break below 1.50 would invalidate the setup.
⚡ Conservative traders can take partial profits at 1.558 (red line resistance).
💡 Reminder: Always trade with proper risk management.
Hashtags for TradingView:
#Crypto #ETHFI #Breakout #LongTrade #PriceAction
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.
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.