【$ETH Signal】1H Momentum Breakout, Short Squeeze Initiated

$ETH The 1H timeframe has just completed a volume-driven massive bullish breakout, with the price firmly above EMA20 and EMA50, showing strong momentum. The 4H chart also closed with a large bullish candle, confirming a breakout above the recent consolidation range's upper boundary, indicating a trend reversal to bullish. Market depth shows concentrated buy orders, and open interest (OI) remains stable. This is a short squeeze driven by major players, with a very high probability of further upward movement in the short term.

🎯Direction: Long (Long)

🎯Entry/Order Placement: Current price $2059 - $2065 Enter directly within the range (Reason: After a strong breakout on the 1H chart, a pullback confirmed support, with EMA20_1H acting as dynamic support )

🛑Stop Loss: $2030 ( Reason: Break below the 1H large bullish candle's starting point and the previous hour's low, ATR-based stop loss )

🚀Target 1: $2100 ( Reason: Psychological resistance at the round number and previous wave high )

🚀Target 2: $2150 ( Reason: Resistance zone at the previous high on the 4H chart and the 1.618 Fibonacci extension level )

🛡️Trade Management:

- Position Size Recommendation: Standard position (Reason: 1H/4H resonance breakout, clear signals )

- Execution Strategy: Once the price reaches $2100, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of $2059. If the price fails to hold above $2065 and falls back into the entry zone, consider exiting and observing.

Depth Logic: The trading volume in the past 4 hours has surged by several times compared to earlier, indicating large capital inflow. The 1H RSI is at 77, in a strong zone but not yet extremely overbought, leaving room for further upside. Market depth shows sparse sell orders above ($2059.38) after the breakout, which can easily trigger stop-loss orders from short sellers, causing rapid price increases. The OI trend remains stable, and the price rise is driven not just by short covering but by active buying, indicating strong sustainability.

Trade here 👇 $ETH

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #Gate广场发帖领五万美金红包