Ethereum / TetherUS
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#ETHUSDT — Descending Wedge & High R/R Zone

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#ETH

The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary.

The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions.

There is a key support zone (in green) at 2263, and the price has bounced off this zone several times, making it a strong support level.

The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.

Entry Price: 2329
First Target: 2340
Second Target: 2351
Third Target: 2367

You can stop at the first and second targets and close below them, or continue towards the third target.
Stop Loss: At the resistance zone (in green).

Remember this simple rule: Money Management.

Any questions? Please leave a comment.

Thank you.
交易結束:目標達成
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#ETH
First Target: 2340 Reached
Second Target: 2351 Reached
Third Target: 2367 Reached

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