The current price zone of $2,538.52 is between the day support of $2,356.41 and the resistance of $2,665.99, while the EMA20/50 are consolidating within an uptrend.
$ETH – LONG
Trading plan:
Entry: $2,537.50 – $2,539.56
SL: $2,528.26
TP1: $2,557.01
TP2: $2,565.90
TP3: $2,576.17
Why is this setup chosen?
• The 4h trend is LONG; EMA20=$2,500.32, EMA50=$2,487.14.
• RSI 15m=63.4; RSI 4h=61.4.
• ATR 1h=$6.8436; the entry is around the current price, and TP1 has an R:R of 1.8.
Discussion:
If the market remains steady, the trend may push the price into TP1, but be mindful of the risk of SL being hit if the money flow quickly returns to the day support zone.
Click here to trade 👇
RULE: keep the 5 price levels above unchanged; do not generate any additional numbers/confidence/news. Do not use the old format including Hook/Context/Scenario/Technical Hook, and do not write 'Trade Plan' or 'Debate'
$ETH – LONG
Trading plan:
Entry: $2,537.50 – $2,539.56
SL: $2,528.26
TP1: $2,557.01
TP2: $2,565.90
TP3: $2,576.17
Why is this setup chosen?
• The 4h trend is LONG; EMA20=$2,500.32, EMA50=$2,487.14.
• RSI 15m=63.4; RSI 4h=61.4.
• ATR 1h=$6.8436; the entry is around the current price, and TP1 has an R:R of 1.8.
Discussion:
If the market remains steady, the trend may push the price into TP1, but be mindful of the risk of SL being hit if the money flow quickly returns to the day support zone.
Click here to trade 👇
RULE: keep the 5 price levels above unchanged; do not generate any additional numbers/confidence/news. Do not use the old format including Hook/Context/Scenario/Technical Hook, and do not write 'Trade Plan' or 'Debate'
