ETH/USDT : Broke above S/R zone and take the hold

ETHUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !

$ETH has broke above the local S/R zone on daily and 12H's TFs and now it seems that it gets the support up there.
Current structure has brings up the possibility of Longs for $ETH to retest above $3500's resistance !
📈 Bullish trading plans : There're two scenarios to work with;
- Take Long at current market price and set SL at $3200 and aim for $3850 ( This will comes with 3 R/R ).
- Take Long on a proper retest after a break-out above $3585 and aim for $4050.

🔴 If we get caught on the Stop-loss and losing the bullish momentum, Then you can switch on Short position to recover your losses.
📉 Bearish trading plans : There're also two scenarios to work with for bears;
- Take Short below $3040 and set SL as active management above the entry with three proper candles close, Aim for the lower S/R zone at $2390.
- Take Short on a proper retest after a break below the market purple trend-line and aim for the lower S/R zone at $2390.

Hope you enjoyed the content I created, You can support us with your likes and comments !
Attention: this isn't financial advice we are just trying to help people on their own vision.

Have a good day!
@Helical_Trades