$ETH
Market Context
Current Price: 2,986.20
Support Zone: 2,966 – 2,980 (The cluster of EMA 10, 20, and 50).
Main Resistance: 3,033.47 (The green EMA 200 line).
🎯 Strategic Trading Plan
Option 1: The Bullish Breakout (Long)
Best if the 4-hour candle closes above 3,000.
Entry Price: 2,990 – 3,000
Target 1 (TP1): 3,033 (Conservative - near EMA 200)
Target 2 (TP2): 3,056 (Aggressive - previous swing high)
Stop Loss (SL): 2,965 (Below the EMA cluster)
Option 2: The Rejection Play (Short)
Best if the price fails to break 3,000 and drops below the EMAs.
Entry Price: 2,960 – 2,970
Target 1 (TP1): 2,930 (Immediate support)
Target 2 (TP2): 2,908 (Major local bottom)
Stop Loss (SL): 2,995 (Above current resistance)