ETHFI Bulls Return — Double Bottom Reversal in Play
🟢 ETHFI/USDT – 4H Double Bottom Breakout
ETHFIUSDT.P
📍 Timeframe: 4H
📊 Setup Type: Double Bottom (Reversal)
⚠️ Risk Level: Low-Moderate
🧠 Technical Breakdown:
Price has formed a Double Bottom pattern, a strong reversal structure signaling seller exhaustion and potential trend reversal:
Both bottoms are well-defined and near-equal in depth, signaling accumulation.
The breakout above the neckline (White Lines) following a successful retest of the horizontal support (previously as a resistance zone) confirms the bullish intent.
Price is now attempting to break the horizontal resistance zone.
This is a bullish continuation setup following confirmation of the structure breakout.
🎯 Trade Setup Parameters:
Entry Zone:
$0.5251– $0.5193 (White lines)
Stop Loss: $0.4681 (4H CC below it)
Target Projections: Blue Lines
⚙️ Strategy Notes:
Wait patiently for a breakout and a successful retest.
Setup Invalidation below $0.4852 would negate the pattern.
Watch volume for breakout continuation as an additional confirmation.
Risk exposure: 1-2% max of your capital.
⚠️ Disclaimer:
This is a probability-based idea, not financial advice. Stick to your plan, always use a stop-loss.
#NFA #DYOR
ETHFIUSDT.P 📍 Timeframe: 4H
📊 Setup Type: Double Bottom (Reversal)
⚠️ Risk Level: Low-Moderate
🧠 Technical Breakdown:
Price has formed a Double Bottom pattern, a strong reversal structure signaling seller exhaustion and potential trend reversal:
Both bottoms are well-defined and near-equal in depth, signaling accumulation.
The breakout above the neckline (White Lines) following a successful retest of the horizontal support (previously as a resistance zone) confirms the bullish intent.
Price is now attempting to break the horizontal resistance zone.
This is a bullish continuation setup following confirmation of the structure breakout.
🎯 Trade Setup Parameters:
Entry Zone:
$0.5251– $0.5193 (White lines)
Stop Loss: $0.4681 (4H CC below it)
Target Projections: Blue Lines
⚙️ Strategy Notes:
Wait patiently for a breakout and a successful retest.
Setup Invalidation below $0.4852 would negate the pattern.
Watch volume for breakout continuation as an additional confirmation.
Risk exposure: 1-2% max of your capital.
⚠️ Disclaimer:
This is a probability-based idea, not financial advice. Stick to your plan, always use a stop-loss.
#NFA #DYOR
Dagangan ditutup: sasaran tercapai
All targets achieved.Duration: 3Days
Price: 17.50% increased from our entry price.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.