ETH breaking out
2025-01-15
Category: None

hi traders,

Let's have a look at ETH on 4 hours time-frame.

As we can see, the price is breaking out the resistance as we're speaking.
If the price retests this resistance and confirm it as support, the long position can be taken.

Strategy Overview:
This is based on the trendline breakout and support zone bounce. The entry is well-placed to
capture a potential rise up to resistance at $3700, with risk appropriately managed through a
stop loss below the support. This trade is well-balanced in terms of reward versus risk and should
suit the needs of a medium-term trader.