$ETH OPEN TRADE PLAN: SUPPORT BOUNCE OR RECLAIM—NOT A BLIND BUY
ETH/USDT is around $2,234, drifting just above the $2,200 support area after a volatile week. The former $2,250–$2,260 support is now acting as resistance.
I’m not entering at the current price. I’m waiting for one of two confirmations.
📍 Immediate resistance: $2,250–$2,260
📍 Next resistance: $2,300–$2,330
📍 First support: $2,200–$2,215
📍 Major support: $2,150, then $2,100
✅ Buy setup #1: Support bounce
Watch zone: $2,200–$2,215
Trigger: a visible bounce and reclaim above $2,220
Entry: only after the reclaim holds
Stop: below $2,175
TP1: $2,300
TP2: $2,435
✅ Buy setup #2: Breakout-and-retest
Trigger: a close above $2,260–$2,300
Entry: on a successful retest of the reclaimed zone
Stop: below the retest low / reclaimed zone
TP1: $2,330
TP2: $2,435
❌ No blind buy at $2,234
The first resistance is only about 1% above price, while a structurally safer stop is below $2,175. That does not leave enough room for a 1.5R first target.
⚠️ Risk notes
The broader trend remains down: ETH has made lower highs since late September.
Volume is well below the 30-day average, so buyers have not shown strong participation yet.
Weekend liquidity is thin and can create sharp wicks; use a smaller position size.
A limit order at $2,205 may fill during a flush without a real bounce—wait for the hold.
If $2,195 breaks, the next downside reference is $2,100; do not treat a falling price as a bargain.
Status: active buy-setup watch. No entry until one of the two triggers completes.
Which setup do you prefer: a $2,200–$2,215 bounce, or a reclaim above $2,260–$2,300?
#Ethereum #ETH #cryptotrading #SpotTrading #tradeplan
ETH/USDT is around $2,234, drifting just above the $2,200 support area after a volatile week. The former $2,250–$2,260 support is now acting as resistance.
I’m not entering at the current price. I’m waiting for one of two confirmations.
📍 Immediate resistance: $2,250–$2,260
📍 Next resistance: $2,300–$2,330
📍 First support: $2,200–$2,215
📍 Major support: $2,150, then $2,100
✅ Buy setup #1: Support bounce
Watch zone: $2,200–$2,215
Trigger: a visible bounce and reclaim above $2,220
Entry: only after the reclaim holds
Stop: below $2,175
TP1: $2,300
TP2: $2,435
✅ Buy setup #2: Breakout-and-retest
Trigger: a close above $2,260–$2,300
Entry: on a successful retest of the reclaimed zone
Stop: below the retest low / reclaimed zone
TP1: $2,330
TP2: $2,435
❌ No blind buy at $2,234
The first resistance is only about 1% above price, while a structurally safer stop is below $2,175. That does not leave enough room for a 1.5R first target.
⚠️ Risk notes
The broader trend remains down: ETH has made lower highs since late September.
Volume is well below the 30-day average, so buyers have not shown strong participation yet.
Weekend liquidity is thin and can create sharp wicks; use a smaller position size.
A limit order at $2,205 may fill during a flush without a real bounce—wait for the hold.
If $2,195 breaks, the next downside reference is $2,100; do not treat a falling price as a bargain.
Status: active buy-setup watch. No entry until one of the two triggers completes.
Which setup do you prefer: a $2,200–$2,215 bounce, or a reclaim above $2,260–$2,300?
#Ethereum #ETH #cryptotrading #SpotTrading #tradeplan
