$ETH grinding higher through the quiet hours on the 1H
$ETH · LONG · Conf 70%
Trade Plan:
Entry: 2,503.85 - 2,510.63
SL: 2,474.40
TP1: 2,532.65
TP2: 2,566.53
TP3: 2,585.52
TP4: 2,604.51
R:R about 1.8 to TP2 on the 1H
Conf is how many of our checks agree, not a win rate.
ETH/USDT 2,510.63, +2.37% over 24h.
Why this setup?
- Price holding above the 200 EMA, long-term structure bullish
- EMA20 above EMA50, short-term momentum up
- 4H trend supportive
- RSI(14) at 69.5 with volume x1.03 against the 20-bar average.
- Invalidation is unambiguous: through 2,474.40 the idea is simply wrong, so size it so that being wrong is survivable.
Key levels: S 2,482.54 · 2,442.23 · 2,407.42 | R 2,512.06 · 2,532.65 · 2,566.53
Debate:
Momentum or mean reversion on ETH? The tape says one thing, 69 RSI says another.
Trade ETH: spot https://www.binance.com/en/trade/ETH_USDT | futures https://www.binance.com/en/futures/ETHUSDT
$ETH #ETH #Write2Earn #TechnicalAnalysis #DayTrading
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.