eth long bullish
2025-01-07
Category: None

The ETH/USDT chart provided outlines a potential bullish setup. Here's a detailed breakdown:

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### **ETH/USDT - Trading Plan**

#### **Market Structure**
- **Bullish Shift (MSS):** The market recently broke a significant resistance level, indicating a bullish trend shift.
- **Order Block (OB):** A key support zone is highlighted around **$3,300**, acting as a base for potential upward momentum.
- **Fair Value Gap (FVG):** A zone that may serve as resistance but could be reclaimed for further bullish continuation.

#### **Entry & Exit Strategy**
- **Entry:** Near **$3,480**, confirming support around the FVG zone.
- **Stop Loss (SL):** Below **$3,300**, aligning with the OB to manage risk.
- **Take Profit (TP):** At **$4,136**, targeting higher resistance levels for optimal Risk-to-Reward (R:R).

#### **Price Action Analysis**
- **Liquidity Sweep:** Price swept sell-side liquidity below **$3,450** and rebounded, signaling potential accumulation.
- **Moving Averages:** Short-term moving averages are beginning to align upward, supporting a bullish case.

#### **Summary**
- **Risk Management:** Maintain strict SL at **$3,300**.
- **Upside Potential:** 4,136 offers a high R:R opportunity.
- **Confirmation:** Await a clear breakout or retest of the FVG for validation.

Let me know if you'd like assistance refining the plan further!