🔥 $ETH at $2,410 and $OP at $1.52. While the herd is currently chasing $SYN at a 58% daily gain, 92% of those retail participants will be left holding bags once the momentum exhausts and the liquidity dries up. I’ve been there—losing my initial $5,400 capital because I thought chasing green candles was a strategy rather than a death sentence. True wealth in this market isn't found in 60% pumps; it’s found in waiting for the institutional retest.
SETUP TYPE: Pullback
ENTRY ZONE: I am looking for a clean re-entry on $ETH between $2,380 and $2,400. This area marks the previous resistance flipped to support on the 4-hour timeframe. For $OP, I am entering the $1.48 to $1.50 range, as this aligns with the 0.618 Fibonacci retracement level of the recent leg up. These are structural entries, not guesses.
STOP LOSS: My risk management is non-negotiable. I am setting a hard stop at $2,295 for $ETH, placing it just below the wick of the last major buying climax. For $OP, the stop is at $1.39, ensuring that if the market structure breaks downward, I am out before the panic selling accelerates.
TARGETS: For $ETH, Target 1 is $2,550, which is the local swing high, and Target 2 is an extended $2,720. For $OP, Target 1 sits at $1.68, and Target 2 is $1.85.
RISK/REWARD: Both setups provide a clean 1:2.5 risk-to-reward ratio. I am not looking to capture the entire move, just the meat of the trend.
POSITION SIZE WARNING: Regardless of how confident I feel, I never risk more than 1% of my total account balance on any single trade. If you are risking 10% per trade, you are not trading, you are gambling, and the market will eventually take everything back.
INVALIDATION: The trade is invalidated if $ETH closes below...