ETH/USDT Setup: Trendline retest before next move

Jan 23

After a strong bullish move, ETH/USDT 🔥 broke below its downward trendline 📉 and started moving lower. A potential pullback to retest the broken trendline ⚠️ could be on the horizon before the price resumes its downward path, targeting the key support level 🛑. Traders should watch this zone closely for opportunities! 📊💡

Jan 24

Trade closed: target reached

ETH/USDT Analysis: Trendline Break, Retest Hit, and Bullish Reversal

After a strong bullish rally, ETH/USDT 🔥 broke below its downward trendline 📉 and began to move lower as anticipated.

⚠️ The pullback to retest the broken trendline played out successfully, offering traders a clear opportunity. However, instead of continuing downward, the market reversed and surged higher, breaking expectations of further bearish movement.

Key Takeaways 📊💡:

The retest of the trendline was precise, validating the setup for short-term traders.
The unexpected bullish reversal highlights the importance of managing risk and adapting to market shifts.
Traders should now watch for new resistance zones and assess whether this bullish momentum will sustain.