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【$ETH Signal】Long! 1H breakout and retest confirmed, main force clearly supporting the market
$ETH The 1H timeframe, after experiencing a volume breakout, is currently in a healthy retest confirmation stage. The 4H candle with a large bullish body establishes a short-term upward trend. Although the current price hovers around the 1H EMA20, the trading volume remains stable and buy orders are deep, indicating that the main force has not exited. This is a typical buildup structure after a breakout.
🎯Direction: Long
⚡Entry/Order: 1994.06 - 2015.46 (Current price is near the upper end of the range, can wait for a slight pullback to around 2010 to enter)
🛑Stop Loss: 1978.00 (Placed below the start of the 4H bullish candle)
🚀Target 1: 2080.00
🚀Target 2: 2130.00
🛡️Trade Management:
- Execution Strategy: After the price reaches 2080, reduce position by 50% and move the stop loss to the entry price. Hold the remaining position to aim for the second target. If the price pulls back and breaks below the average entry price, exit all positions.
Depth Logic: Over the past 4 hours, the price surged while open interest remained stable. This is not a bearish trap but more like active buying by the main funds pushing the price higher. The 1-hour RSI is at a healthy 65, leaving room for further upward movement. The order book shows dense buy orders around 2053, forming short-term support. Combined with positive funding rates, market sentiment is bullish but not overheated, providing fuel for a short-term continuation.
Check real-time market 👇 $ETH
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