ETH Technicals Hint at Breakout — All Eyes on the 2588 Level📊 Cycle Structure:
HWC (Higher Wave Cycle): Bullish 🔼
MWC (Middle Wave Cycle): Ranging 🔁
LWC (Lower Wave Cycle): Bullish 🔼
The overall market structure leans bullish. With both HWC and LWC pointing upward, the directional pressure favors long setups.
❗️If you're looking for a short position, this analysis isn't for you.
🔍 Price Action Structure & Entry Scenario:
A strong resistance zone at 2588 has already been tested four times.
A fifth touch often increases the probability of a breakout — especially in a bullish-biased environment.
A 1H ascending trendline sits right below the resistance, acting as dynamic support.
📌 My Strategy: Pre-Breakout Entry
My approach focuses on entering before a confirmed breakout — riding the early wave toward resistance.
This includes watching for compression, weak selling volume, and bullish candlestick structures.
⚠️ This method is inherently riskier, and the chance of getting stopped out is higher, so solid risk management is essential.
👥 Based on trading style, here’s how different traders might approach this:
🔁 Reactive traders can wait to see how price reacts at the trendline.
🔓 Breakout traders should wait for a confirmed 15min or 1H close above 2588.
🐳 Those expecting a sharp whale-driven move may consider placing a Buy Stop Order above resistance.
🎯 Entry Levels & Risk Management:
Aggressive Entry: Pre-breakout trigger near 2588 (riskier).
Conservative Entry: Wait for a confirmed breakout candle above 2588.
Stop-loss idea: Below the 1H trendline, acting as a dynamic support.
📉 Invalidation Level:
My bullish outlook holds as long as we’re above 2387.
If price closes below that, I’ll re-evaluate for a possible short — but until then, the focus remains on the long side.
💬 Want me to analyze a specific coin?
Drop it in the comments — I’ll review and pick one for the next post.
⚠️ Without proper risk management, you're just a ticking time bomb.
— PXA 📊
