ETHFI Long Setup – Breakout Retest at 1.53ETHFI pulled back into the 1.53 support zone after a breakout and is showing signs of holding. This creates a clean long setup with favorable risk-to-reward.
Entry Zone: 1.53 – 1.54
Stop Loss: 1.50 (below support)
Target Zone: 1.59+
Risk/Reward: ≈ 1:2
Why Long?
Price broke out, retested support, and bounced from ascending trendline.
Consolidation forming under 1.55 resistance with higher lows.
Strong bullish momentum since September 11th remains intact.
📊 Plan:
As long as price holds above 1.50, I’m looking for continuation toward 1.59–1.60. A break below 1.50 would invalidate the setup.
⚡ Conservative traders can take partial profits at 1.558 (red line resistance).
💡 Reminder: Always trade with proper risk management.
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#Crypto #ETHFI #Breakout #LongTrade #PriceAction
Long