Hook: ETH price range $2,498.65 (+1.59% 24h) is approaching the daily resistance at $2,566.53, while also touching the support level at $1,885.78 if it drops sharply.
$ETH – LONG
Trading plan:
Entry: $2,496.95 – $2,500.53
SL: $2,480.85
TP1: $2,530.94
TP2: $2,546.44
TP3: $2,564.33
Why this setup?
• The 4h trend is LONG; EMA20=$2,475.51, EMA50=$2,463.49.
• RSI 15m=56.7; RSI 4h=48.5.
• ATR 1h=$11.9257; entry is around the current price, TP1 has an R:R of 1.8.
Discussion:
The LONG scenario is supported by rising flow and the nearby daily resistance is under pressure, but there is a risk of being stopped out if price quickly drops to the support zone at $2,480.85. Should you control exposure if you are not committed to the TP1 target?
Click here to trade 👇
$ETH – LONG
Trading plan:
Entry: $2,496.95 – $2,500.53
SL: $2,480.85
TP1: $2,530.94
TP2: $2,546.44
TP3: $2,564.33
Why this setup?
• The 4h trend is LONG; EMA20=$2,475.51, EMA50=$2,463.49.
• RSI 15m=56.7; RSI 4h=48.5.
• ATR 1h=$11.9257; entry is around the current price, TP1 has an R:R of 1.8.
Discussion:
The LONG scenario is supported by rising flow and the nearby daily resistance is under pressure, but there is a risk of being stopped out if price quickly drops to the support zone at $2,480.85. Should you control exposure if you are not committed to the TP1 target?
Click here to trade 👇
