Live Analysis! My ETH/USDT operation in action
Hello everyone! I want to share with you the analysis of one of my current operations with ETH/USDT in futures. As you can see in the image, my position is in the positive, with a floating profit of +1.65 USDT and a return of +0.91%.
Operation details:
• Entry point: I entered the market when the price of Ethereum was at $4,468.00.
• Margin: I have used a margin of 182.28 USDT with a leverage of 3x. This means that I am controlling a position of 546.75 USDT with a relatively small capital, which magnifies both profits and losses.
• Liquidation point: My liquidation price is at $2,982.73. This is the critical level where my position would automatically close if the price falls, losing all the invested margin.
• Stop Loss / Take Profit: To protect my capital, I have set a Take Profit (TP) at $4,750.00. This ensures that I take profits if the price rises to that level, without having to be glued to the screen.
What is happening with ETH?
The 4-hour chart shows that the price of ETH is consolidating, but with good support from moving averages (MA). My initial analysis suggests that there is potential for an upward movement, which is why I decided to go long.
Join the conversation!
I would love to know what you think about this operation and the Ethereum market in general.
Do you think ETH will rise to my Take Profit? What strategy would you use?
Share your analyses and trades in the comments!
Hello everyone! I want to share with you the analysis of one of my current operations with ETH/USDT in futures. As you can see in the image, my position is in the positive, with a floating profit of +1.65 USDT and a return of +0.91%.
Operation details:
• Entry point: I entered the market when the price of Ethereum was at $4,468.00.
• Margin: I have used a margin of 182.28 USDT with a leverage of 3x. This means that I am controlling a position of 546.75 USDT with a relatively small capital, which magnifies both profits and losses.
• Liquidation point: My liquidation price is at $2,982.73. This is the critical level where my position would automatically close if the price falls, losing all the invested margin.
• Stop Loss / Take Profit: To protect my capital, I have set a Take Profit (TP) at $4,750.00. This ensures that I take profits if the price rises to that level, without having to be glued to the screen.
What is happening with ETH?
The 4-hour chart shows that the price of ETH is consolidating, but with good support from moving averages (MA). My initial analysis suggests that there is potential for an upward movement, which is why I decided to go long.
Join the conversation!
I would love to know what you think about this operation and the Ethereum market in general.
Do you think ETH will rise to my Take Profit? What strategy would you use?
Share your analyses and trades in the comments!