🚀 $ONE at $0.0042 (+81.16%). 81% of the people chasing this candle right now are providing exit liquidity for whales who were accumulation-ready weeks ago. While the volume on $ONE is massive at $85M, jumping into a parabolic vertical move is how I lost my first $5,400. I learned the hard way that chasing hype is a death sentence for your account. Today, I am ignoring the noise of these trending coins to focus on the real market leaders: $ETH and $OP. If you aren't looking at the structural integrity of these two, you aren't trading; you’re gambling on lottery tickets.
SETUP TYPE
Pullback/Trend Continuation.
ENTRY ZONE
I am looking at $ETH around the $2,450 level or $OP at $1.15. These areas represent previous resistance turned support. I am not buying at current market prices because the current volatility is designed to shake out weak hands before the next leg up.
STOP LOSS
For $ETH, my stop is tight at $2,380. For $OP, I am setting my stop at $1.08. These levels sit just below the recent structural lows, meaning if these break, the bullish thesis for the next 48 hours is dead.
TARGETS
For $ETH, my Target 1 is $2,620 and Target 2 is $2,750. For $OP, I am aiming for $1.32 as Target 1 and $1.50 for the extended move. These targets are based on Fibonacci extensions from the recent swing lows.
RISK/REWARD
This setup offers a clean 1:2.5 risk-to-reward ratio on $ETH and a 1:3 on $OP, comfortably exceeding my minimum requirements.
POSITION SIZE WARNING
Risk no more than 1% of your total account balance on this setup. If you need a larger position to feel "rich," you are already over-leveraged and destined to repeat my early mistakes.
INVALIDATION
The trade is invalidated if $ETH closes a 4-hour candle...