Bullish View on ETHUSDT

Trade:


Buy ETH Perpetual future at $2250

Stop Loss: $2180

Target: $2350

Payoff:

Max Profit: 1100/ETH

Max Loss : 770/ETH


Rationale:

ETH has exhibited a pattern of achieving higher highs and higher lows in its daily price movements. Notably, it broke through key pivot levels at 2275 during the recent trading session, signifying a promising upward trajectory.

Examining the 4-hour chart, it’s evident that the price is consistently adhering to established support / demand zones. This steadfast adherence underscores the robust buyer sentiment in the market.

We can use 2180 as stop loss of for invalidation of above setup.
Chart PatternsTechnical IndicatorsTrend Analysis

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