Asset: ETHUSDT (Ethereum Perpetual on Bitget)

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1. Main Trend:

Price is breaking upwards after a sideways phase.
The 200-period moving average (green) is holding as long-term support, while the 50-period (red) has just been crossed decisively to the upside, confirming a potential bullish reversal in the short/medium term.
2. Key Levels:

Main support: 2,550 USDT (at 50 MA, just broken to the upside).
Immediate resistance: 2,660–2,700 USDT (previous high). A breakout above this range would confirm a trend continuation.
Breakout: The move is confirmed by increasing volume on the latest green candle.
3. Technical Indicators:

RSI: Currently at 65.82, close to overbought (70), but still has room to rise. No bearish divergences.
MACD: MACD line is above the signal line, and the histogram is increasing—bullish signal.
Volume: Rising during the breakout, indicating genuine participation.
4. Risk/Opportunity — Suggested Trading Signal:

Direction: Long (bullish)
Entry: 2,630 USDT (current price or slight retracement to 2,600–2,615 USDT)
Stop-loss: 2,545 USDT (below the 50 MA and last support, to avoid false breakouts)
Take profit 1: 2,700 USDT (first key resistance)
Take profit 2: 2,780 USDT (previous highs on the chart)
Confidence: Medium–High
Both the technical breakout and confirmation from the main indicators support the signal. Watch for RSI approaching overbought.

Additional notes:

Basic pattern: Bullish breakout from sideways consolidation.
No bearish short-term formation.
Macro factors: Monitor crypto market volatility; risk of retracement if traditional markets weaken.
Summary (required format):

Asset: ETHUSDT
Direction: Long
Entry: 2,630 USDT (or minor pullback to 2,615 USDT)
Stop-loss: 2,545 USDT
Take-profit: 2,700 USDT (TP1), 2,780 USDT (TP2)
Confidence: Medium–High
Additional notes: Breakout confirmed by high volume, bullish MACD, watch for short-term RSI overbought. For a more conservative strategy, wait for a confirmation above 2,660 USDT before entering.

Penafian

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