🎯 Entry Point:
Open a long position after a 4-hour candle closes above $3,600, indicating a breakout.
🎯 Take Profit Levels:
First target: $4,150 - $4,350
Second target: $4,700 - $4,900
🛑 Stop Loss:
Place a deeper stop loss just below $3,300 to allow for volatility.
📊 Strategy Rationale:
Taking advantage of ETH's attempt to break through a significant resistance level at $3,600.
Targets set at subsequent resistance areas for profit-taking.
Deeper stop loss to withstand potential market fluctuations and avoid premature exit.
📉📈 Note: Stay attentive to breakout confirmation and adjust strategy accordingly. Monitor closely for price action confirmation. #ETH #TradingStrategy #Breakout 🟣📊
Open a long position after a 4-hour candle closes above $3,600, indicating a breakout.
🎯 Take Profit Levels:
First target: $4,150 - $4,350
Second target: $4,700 - $4,900
🛑 Stop Loss:
Place a deeper stop loss just below $3,300 to allow for volatility.
📊 Strategy Rationale:
Taking advantage of ETH's attempt to break through a significant resistance level at $3,600.
Targets set at subsequent resistance areas for profit-taking.
Deeper stop loss to withstand potential market fluctuations and avoid premature exit.
📉📈 Note: Stay attentive to breakout confirmation and adjust strategy accordingly. Monitor closely for price action confirmation. #ETH #TradingStrategy #Breakout 🟣📊