Symmetrical Triangle | ETH/USDT | 1D Chart

There seems to be a symmetrical triangle forming on on the ETHUSDT pair on the 1D Chart.

Potential Long Setup:
Entry: ~3500 (Wait for 1D Candle to close above the triangle and with good volume for confirmation)

Target Price (TP) 1: ~3850 ( Around the previous lower high's and below the previous resistance before the price drop)

Target Price (TP) 2: ~4000 (Previous resistance)

Stop Loss (SL): ~3400 (Slightly lower than the breakout wick)

Risk to Reward Ratio (R:R): 1:3.5

Notes:

1. Wait for 1D Candle close and volume confirmation.
   
2. Keep Risk to Reward Ratio at least 1:3 or better.
   
3. Keep trade size and leverage (if using) based on your risk tolerance and account.