ETH | Ethereum Game Plan - Swing Long Idea
📊 Market Sentiment
Market sentiment remains bullish, supported by expectations of a 0.25% rate cut at the upcoming FOMC meeting. The weakening USD and rising risk appetite across global markets are favoring crypto assets in particular.
📈 Technical Analysis
Price swept the range low (Weekly Fair Value Gap), resulting in a deviation.
It then aggressively reclaimed higher levels and closed above key resistance.
A 12H demand zone was formed during this move.
We’re now seeing a retracement towards that 12H demand zone.
📌 Game Plan
I’m looking for price to hit the 12H demand zone at $3,530 and show a strong reaction.
This level is also below the 0.5 Fibonacci retracement, placing it in the discount area — an ideal entry zone for me.
🎯 Setup Trigger
After price taps the demand zone, I want to see a 1H–4H bullish break of structure to confirm the reversal before entering.
📋 Trade Management
Stoploss: Below 1H–4H swing low
Targets:
• TP1: $3,872
• TP2: $4,090
I’ll trail my stop to lock in profits aggressively as price moves in my favor.
💬 Like, follow, and comment if this breakdown supports your trading!
More setups and market insights coming soon — stay connected!
📊 Market Sentiment
Market sentiment remains bullish, supported by expectations of a 0.25% rate cut at the upcoming FOMC meeting. The weakening USD and rising risk appetite across global markets are favoring crypto assets in particular.
📈 Technical Analysis
Price swept the range low (Weekly Fair Value Gap), resulting in a deviation.
It then aggressively reclaimed higher levels and closed above key resistance.
A 12H demand zone was formed during this move.
We’re now seeing a retracement towards that 12H demand zone.
📌 Game Plan
I’m looking for price to hit the 12H demand zone at $3,530 and show a strong reaction.
This level is also below the 0.5 Fibonacci retracement, placing it in the discount area — an ideal entry zone for me.
🎯 Setup Trigger
After price taps the demand zone, I want to see a 1H–4H bullish break of structure to confirm the reversal before entering.
📋 Trade Management
Stoploss: Below 1H–4H swing low
Targets:
• TP1: $3,872
• TP2: $4,090
I’ll trail my stop to lock in profits aggressively as price moves in my favor.
💬 Like, follow, and comment if this breakdown supports your trading!
More setups and market insights coming soon — stay connected!
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.