๐ $ETH /USDT โ LONG SETUP
Range-bound coins can still drop hard when the market trend changes. ETH is showing short-term buying momentum, but the higher-timeframe trend remains bearish.
๐ข LONG BIAS โ Leaning
๐ Entry: 2269.37 โ 2272.63
๐ฏ TP1: 2297.08 (+1.1%)
๐ฏ TP2: 2314.46 (+1.9%)
๐ฏ TP3: 2340.54 (+3.1%)
๐ Stop Loss: 2236.23 (-1.5%)
Why LONG?
15M ADX: 23.0 โ buyers driving momentum.
BTC is rising, with ETH correlation at 0.88.
1H RSI: 59.8 โ bullish momentum.
3 out of 12 signals support the long direction.
โ ๏ธ Risk Warning:
ETH is still below the 4H EMA50 and EMA200. The bigger trend remains bearish.
Trade Management:
TP1: Close 50%.
TP2: Close 25%.
TP3: Close remaining 25%.
Move SL to breakeven after TP1.
Enter only within the specified zone.
Keep position size small. This is a moderate-conviction setup, not a confirmed trend reversal.
DYOR. NFA. Always manage your risk.
$ARB
$BNB
#ETH #Ethereum #BinanceSquare #CryptoTrading #ETHUSD
Range-bound coins can still drop hard when the market trend changes. ETH is showing short-term buying momentum, but the higher-timeframe trend remains bearish.
๐ข LONG BIAS โ Leaning
๐ Entry: 2269.37 โ 2272.63
๐ฏ TP1: 2297.08 (+1.1%)
๐ฏ TP2: 2314.46 (+1.9%)
๐ฏ TP3: 2340.54 (+3.1%)
๐ Stop Loss: 2236.23 (-1.5%)
Why LONG?
15M ADX: 23.0 โ buyers driving momentum.
BTC is rising, with ETH correlation at 0.88.
1H RSI: 59.8 โ bullish momentum.
3 out of 12 signals support the long direction.
โ ๏ธ Risk Warning:
ETH is still below the 4H EMA50 and EMA200. The bigger trend remains bearish.
Trade Management:
TP1: Close 50%.
TP2: Close 25%.
TP3: Close remaining 25%.
Move SL to breakeven after TP1.
Enter only within the specified zone.
Keep position size small. This is a moderate-conviction setup, not a confirmed trend reversal.
DYOR. NFA. Always manage your risk.
$ARB
$BNB
#ETH #Ethereum #BinanceSquare #CryptoTrading #ETHUSD
