ETHUSD Entry at $2,422 with Target at $2,521and Support at 2,3921. Entry Point: ~2,422.2
This is the suggested buy area based on a recent bounce from the support zone.
2. Support Zone (Purple Box):
Bottom boundary: ~2,392.4
Top boundary: ~2,408.4
Price has bounced multiple times here, showing strong buying interest.
3. Resistance Point: ~2,463.9
A clear horizontal resistance line, previously tested.
4. EA Target Point: ~2,522.1
A bullish target if the price breaks above the resistance level.
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🔶 Highlighted Patterns / Markers
Orange Circles: Indicate key swing highs and lows — possibly used to identify double tops/bottoms or rejection/wick zones.
Blue Arrows: Illustrate the anticipated move from:
Entry (2,408.1) → Resistance (2,463.9) → Target (2,521.2)
Target gain = +111.7 USD (+4.64%)
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🔻 Stop Loss Level
Set just below the support box at ~2,392.4
Protects from false breakouts or deeper pullbacks.
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📈 Strategy Outlook
Bullish Bias: The setup expects a breakout from the current price range.
Risk-Reward Ratio: Appears favorable — tight stop and wide target.
Confirmation Needed: A solid breakout and hold above 2,423–2,425 may be the early confirmation signal.
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📌 Summary
Element Value
Entry Point ~2,422.2
Stop Loss ~2,392.4
Resistance ~2,463.9
Target (TP) ~2,521.2
R:R Ratio Approx. 3:1
Bias Bullish
