ETHUSDT heading to support in order to bounce back

The price currently struggling to break through the 4h resistance 1 zone. It seems likely that the price will come down to the 4h support 1 level and gain the required momentum to break through the 4h resistance 1 zone.

If it breaks through that, it will face the next resistance at 4h resistance 2 zone. Lets watch this price action to develop and we will assess it again after the price follows this path.

Order avbruten:

The price hit the upper target before reaching the entry point. Therefore this idea is cancelled.