Highlighting a bullish breakout on the ETH/USD pair.
The 2,303.55 level (marked by the red horizontal line) acted as a resistance, and price has broken above it with strong momentum.
The pattern appears to resemble an inverse head and shoulders or rounded bottom, suggesting a bullish reversal.
The projected move, shown with the arrows, targets the $2,900–$3,100 range.
Stop Loss is below 2140.
If this breakout sustains, buying from a retest of the 2,303 zone (support now) aligns well with classic breakout-retest trading strategy.
The 2,303.55 level (marked by the red horizontal line) acted as a resistance, and price has broken above it with strong momentum.
The pattern appears to resemble an inverse head and shoulders or rounded bottom, suggesting a bullish reversal.
The projected move, shown with the arrows, targets the $2,900–$3,100 range.
Stop Loss is below 2140.
If this breakout sustains, buying from a retest of the 2,303 zone (support now) aligns well with classic breakout-retest trading strategy.
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FOREX MARKET ANALYSIS AND IDEAS
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FOREX MARKET ANALYSIS AND IDEAS
8 YEARS EXPERIENCE IN THIS FIELD
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JOIN FREE SIGNALS TELEGRAM
FOREX MARKET ANALYSIS AND IDEAS
8 YEARS EXPERIENCE IN THIS FIELD
FOREX MARKET ANALYSIS AND IDEAS
8 YEARS EXPERIENCE IN THIS FIELD
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.