ETH Long Spot Trade (Breakout Opportunity)
2024-11-07

Market Context: ETH is currently testing a double resistance area (horizontal and diagonal). This setup is ideal for a breakout trade. A clean breakout followed by a throwback would offer a favorable entry point with potential for upside movement.

Trade Setup:

Entry: Around $2,800 (after breakout confirmation and throwback)
Take Profit:
First target: $3,000
Second target: $3,200
Stop Loss: Close below $2,600

This breakout setup aims to capture upward momentum if ETH clears the double resistance zone. #ETH