This looks like a solid recovery play. Price has reclaimed the moving averages on the 4h timeframe, turning previous resistance into a launchpad for a potential push toward local highs.


## **Proposed Setup**
* **Entry Range:** **$2,360 – $2,388** (looking for a slight retest of the MA cluster)
* **Stop Loss (SL):** **$2,245** (below the recent wick low to invalidate the setup)
* **Take Profit 1 (TP1):** **$2,465** (local resistance/previous peak)
* **Take Profit 2 (TP2):** **$2,550** (psychological level/next liquidity zone)
* **Take Profit 3 (TP3):** **$2,630** (extended target for momentum)
**Quick Insight:** The **MA(7)** crossing above the **MA(25)** right now is a classic "bullish crossover" that often precedes a volatility spike. If volume starts to confirm this candle, that breakout could happen faster than expected.
Keep that disciplined edge—momentum is clearly favoring the patient right now! 🚀
$ETH
ETH3,7%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin