ETH is trading around $2,754.71, up 2.44% in 24h, and is testing the support level of $2,358.88 along with the resistance level of $2,807.34, creating an attractive price zone to consider a LONG order.
$ETH – LONG
Trading plan:
Entry: $2,751.46 – $2,757.18
SL: $2,725.75
TP1: $2,805.75
TP2: $2,830.51
TP3: $2,859.09
Why this setup?
• The 4h trend is LONG; EMA20=$2,706.57, EMA50=$2,699.38.
• RSI 15m=55.9; RSI 4h=68.0.
• ATR 1h=$19.0486; the entry is around the current price, TP1 has an R:R of 1.8.
Discussion:
If the 4h trend continues to hold firmly and EMA20/EMA50 remain as a base, price could break up toward TP2–
$ETH – LONG
Trading plan:
Entry: $2,751.46 – $2,757.18
SL: $2,725.75
TP1: $2,805.75
TP2: $2,830.51
TP3: $2,859.09
Why this setup?
• The 4h trend is LONG; EMA20=$2,706.57, EMA50=$2,699.38.
• RSI 15m=55.9; RSI 4h=68.0.
• ATR 1h=$19.0486; the entry is around the current price, TP1 has an R:R of 1.8.
Discussion:
If the 4h trend continues to hold firmly and EMA20/EMA50 remain as a base, price could break up toward TP2–
