ETH is in a zone that needs attention: the 4h trend is leaning LONG, while the 15m RSI at 40.9 could create short-term volatility.
$ETH – LONG
Trading plan:
Entry: $2,388.46 – $2,398.38
SL: $2,343.80
TP1: $2,482.74
TP2: $2,525.75
TP3: $2,575.37
Why this setup?
• The 4h trend is LONG, with EMA20 at $2,202.25 and EMA50 at $2,046.86, confirming an upward momentum.
• The 15m RSI is at 40.9; the 4h RSI is at 98.9—wait for the price to react in the entry zone.
• The 1h ATR is $33.0821; TP1 is set based on a profit/risk ratio of 1.8.
Discussion:
Is the short-term momentum enough confirmation to reach TP1, or will price sweep the SL zone before continuing?
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$ETH – LONG
Trading plan:
Entry: $2,388.46 – $2,398.38
SL: $2,343.80
TP1: $2,482.74
TP2: $2,525.75
TP3: $2,575.37
Why this setup?
• The 4h trend is LONG, with EMA20 at $2,202.25 and EMA50 at $2,046.86, confirming an upward momentum.
• The 15m RSI is at 40.9; the 4h RSI is at 98.9—wait for the price to react in the entry zone.
• The 1h ATR is $33.0821; TP1 is set based on a profit/risk ratio of 1.8.
Discussion:
Is the short-term momentum enough confirmation to reach TP1, or will price sweep the SL zone before continuing?
Click here to trade 👇