๐ ETH is moving sideways โ is it too early to go long? ๐
Iโm watching $ETH around the $2,451โ$2,455 range, but I donโt want to rush into betting on an upward move while the price is still consolidating within a range.
๐ข ETH/USDT Long scenario โ wait for confirmation
๐ Entry: $2,451.19โ$2,455.53
๐ฏ TP1: $2,486.33
๐ฏ TP2: $2,508.55
๐ฏ TP3: $2,541.88
๐ SL: $2,408.58
Trade management plan:
โข Take profit on 50% of the position at TP1.
โข Take profit on another 25% at TP2.
โข Close the remaining 25% at TP3.
โข After TP1, move the SL to the entry point to protect your capital.
My view: Just because ETH looks like it could rise doesnโt mean you have to go long right away. When the market hasnโt confirmed its direction, patiently waiting for a clear signal can sometimes be better than trying to catch the start of a move.
โ ๏ธ Favor smaller positions, manage risk closely, and donโt FOMO before the price breaks out of the consolidation range.
Do you think ETH will break out toward $2,500, or keep moving sideways and then pull back? ๐
Iโm watching $ETH around the $2,451โ$2,455 range, but I donโt want to rush into betting on an upward move while the price is still consolidating within a range.
๐ข ETH/USDT Long scenario โ wait for confirmation
๐ Entry: $2,451.19โ$2,455.53
๐ฏ TP1: $2,486.33
๐ฏ TP2: $2,508.55
๐ฏ TP3: $2,541.88
๐ SL: $2,408.58
Trade management plan:
โข Take profit on 50% of the position at TP1.
โข Take profit on another 25% at TP2.
โข Close the remaining 25% at TP3.
โข After TP1, move the SL to the entry point to protect your capital.
My view: Just because ETH looks like it could rise doesnโt mean you have to go long right away. When the market hasnโt confirmed its direction, patiently waiting for a clear signal can sometimes be better than trying to catch the start of a move.
โ ๏ธ Favor smaller positions, manage risk closely, and donโt FOMO before the price breaks out of the consolidation range.
Do you think ETH will break out toward $2,500, or keep moving sideways and then pull back? ๐
