Sideways markets can still form strong trends
🟢 LONG $ETH /USDT: price is expected to RISE
Bias: LONG · Bullish lean
Entry: 2462.23 – 2465.75
TP1: 2492.56 (+1.2%)
TP2: 2511.61 (+1.9%)
TP3: 2540.18 (+3.1%)
SL: 2425.89 (-1.5%)
Plan: Enter only within this zone, take 50% profit at TP1, 25% at TP2, and 25% at TP3, and move the stop loss to the entry price after TP1.
Note: Confidence is only moderate, so keep your position size small.
Why LONG? ETH checklist: 5/12 in agreement, 0 against.
• Buyers are driving upward momentum (15-minute ADX: 23.2)
• BTC is rising, and this coin is following (correlation 0.90)
• Buyers have the momentum advantage (4-hour RSI: 56.8)
Watch: This outlook is invalidated if the price hits the stop-loss level of 2425.89
Overall assessment: The 1-hour chart shows buyers in control (RSI 62.0), but note the risk that the daily trend is moving sideways and confidence is only moderate.
What is your ETH level at this entry?
🟢 LONG $ETH /USDT: price is expected to RISE
Bias: LONG · Bullish lean
Entry: 2462.23 – 2465.75
TP1: 2492.56 (+1.2%)
TP2: 2511.61 (+1.9%)
TP3: 2540.18 (+3.1%)
SL: 2425.89 (-1.5%)
Plan: Enter only within this zone, take 50% profit at TP1, 25% at TP2, and 25% at TP3, and move the stop loss to the entry price after TP1.
Note: Confidence is only moderate, so keep your position size small.
Why LONG? ETH checklist: 5/12 in agreement, 0 against.
• Buyers are driving upward momentum (15-minute ADX: 23.2)
• BTC is rising, and this coin is following (correlation 0.90)
• Buyers have the momentum advantage (4-hour RSI: 56.8)
Watch: This outlook is invalidated if the price hits the stop-loss level of 2425.89
Overall assessment: The 1-hour chart shows buyers in control (RSI 62.0), but note the risk that the daily trend is moving sideways and confidence is only moderate.
What is your ETH level at this entry?