ETH/USD Breakout Trading Setup – Long Entry with 16% Target Pote

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Entry Point: $1,593.08

Target Point: $1,807.83

Stop Loss: $1,472.68

Risk/Reward Ratio: Roughly 2.1:1

Indicators Used:

EMA 30 (Red Line) at $1,593.08 (near entry point)

EMA 200 (Blue Line) at $1,605.09



Analysis:

1. Consolidation Phase:

ETH is in a sideways range after a prior downtrend, consolidating within the purple support zone.

This zone (~$1,555 to ~$1,593) has been tested multiple times, suggesting a strong base.



2. Bullish Breakout Anticipation:

The setup expects a breakout above consolidation, targeting a 16.11% move to $1,807.83.

A breakout strategy is being applied, assuming ETH will reverse from this consolidation area a

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Đóng lệnh: đạt mục tiêu

TARGET POINT HIT