$ETH/USDT PERP - Don't Long Blindly Here
ETH is trading around $2,058 right now.
We just bounced off the $2,000 psychological support, but we are STILL below all major EMAs. This is not a confirmed reversal, this is a relief bounce.
My Plan for ETH Perps:
Long Setup (Only if):
Entry: $2,050 - $2,070 retest holds
Target 1: $2,100
Target 2: $2,204
Stop Loss: Below $1,971
Invalidation: Daily close below $2,000 = No long, we go to $1,828
Short Setup (If we reject):
Entry: Rejection at $2,100 - $2,110
Target 1: $2,030
Target 2: $1,971
Stop Loss: Above $2,250
Why I'm Cautious:
• Funding is still neutral, no real long squeeze yet
• ETH ETFs saw $324M outflows in 3 days
• BTC is still weak below $74k, ETH won't run alone
Perps are not spot. Don't use 50x leverage to prove a point. 5x - 10x max, risk 1-2% per trade.
Are you LONG or SHORT on ETH here?
Drop your entry in comments 👇
#ETH #ETHUSDT #cryptotrading #Perpetual
ETH is trading around $2,058 right now.
We just bounced off the $2,000 psychological support, but we are STILL below all major EMAs. This is not a confirmed reversal, this is a relief bounce.
My Plan for ETH Perps:
Long Setup (Only if):
Entry: $2,050 - $2,070 retest holds
Target 1: $2,100
Target 2: $2,204
Stop Loss: Below $1,971
Invalidation: Daily close below $2,000 = No long, we go to $1,828
Short Setup (If we reject):
Entry: Rejection at $2,100 - $2,110
Target 1: $2,030
Target 2: $1,971
Stop Loss: Above $2,250
Why I'm Cautious:
• Funding is still neutral, no real long squeeze yet
• ETH ETFs saw $324M outflows in 3 days
• BTC is still weak below $74k, ETH won't run alone
Perps are not spot. Don't use 50x leverage to prove a point. 5x - 10x max, risk 1-2% per trade.
Are you LONG or SHORT on ETH here?
Drop your entry in comments 👇
#ETH #ETHUSDT #cryptotrading #Perpetual