Time frame: 4H
Symbol: ETHUSDT
Entry: 2765.40
T.P: 3220.00
S.L: 2605.44
Bias: Long
The current market structure of ETHUSDT is quite interesting for the technical traders. The price is congested in such a way that there is an explicit breakout looming around. However, our stance is for the long entry. Our analysis is validated by the trendlines study and divergence study of various indicators and market driving forces. As we see the buyers are waiting in a queue and watching over to go long , the sell pressure will be overtaken by buying pressure and create a scope for a high probability long trade.
Symbol: ETHUSDT
Entry: 2765.40
T.P: 3220.00
S.L: 2605.44
Bias: Long
The current market structure of ETHUSDT is quite interesting for the technical traders. The price is congested in such a way that there is an explicit breakout looming around. However, our stance is for the long entry. Our analysis is validated by the trendlines study and divergence study of various indicators and market driving forces. As we see the buyers are waiting in a queue and watching over to go long , the sell pressure will be overtaken by buying pressure and create a scope for a high probability long trade.