ETH is trading around $2,653.47, down 2.27% in 24h, and is revisiting the 4h EMA20 zone near $2,687.60 after pulling back from the daily resistance level of $2,807.34.
$ETH – LONG
Trading plan:
Entry: $2,650.21 – $2,656.71
SL: $2,620.96
TP1: $2,711.96
TP2: $2,740.13
TP3: $2,772.63
Why this setup?
• The 4h trend is LONG; EMA20=$2,687.60, EMA50=$2,608.50.
• RSI 15m=68.3; RSI 4h=36.5.
• ATR 1h=$21.6664; the entry is around the current price, TP1 has an R:R of 1.8.
Argument:
If price holds above the 4h EMA50 ($2,608.50), then the upside to TP1 $2,711.96 is very feasible, but losing $2,620.96 would open the way for a retest of the daily support at $2,358.88.
Click here to trade 👇
$ETH – LONG
Trading plan:
Entry: $2,650.21 – $2,656.71
SL: $2,620.96
TP1: $2,711.96
TP2: $2,740.13
TP3: $2,772.63
Why this setup?
• The 4h trend is LONG; EMA20=$2,687.60, EMA50=$2,608.50.
• RSI 15m=68.3; RSI 4h=36.5.
• ATR 1h=$21.6664; the entry is around the current price, TP1 has an R:R of 1.8.
Argument:
If price holds above the 4h EMA50 ($2,608.50), then the upside to TP1 $2,711.96 is very feasible, but losing $2,620.96 would open the way for a retest of the daily support at $2,358.88.
Click here to trade 👇
