Ethereum / TetherUS
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ETHUSDT - BULLISH OUTLOOK

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ETHUSDT is currently exhibiting a pattern of lower lows (LL) and lower highs (LH). However, there's a notable bullish divergence on the 1-hour time frame, signaling potential strength for a bullish reversal. Additionally, the price has broken above its last lower high, suggesting a shift in momentum.

Consider taking an immediate long position at the current market price (CMP) of 2482 with a stop loss (SL) set at 2415 to effectively manage risk.

The suggested take-profit (TP) level is set at a 1:1 risk-reward ratio:

Take Profit 1 = 2549
This trading strategy aims to capitalize on the potential bullish reversal. Keep a close eye on the market, and be prepared to adjust your strategy based on evolving price action.

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