Here is a smart trading plan that could enhance your profits
$ETH
ETHUSDT
Perpetual
2,649.77
+1.53%
Quick Technical Summary:
Current Price: $2640
RSI: at 63 ➜ still below overbought territory
Recent Candles: Horizontal stability with attempts to break
Bollinger Bands: price touches the upper limit ➜ beginning of buying pressure
MACD: shows weakness in bearish momentum ➜ we may be on the verge of a reversal
$ETH
✅ Profitable Trading Strategy:
Trade Type: Spot or low leverage contracts for calculated risk
Smart Entry Zone:
From $2615 to $2645
Strong entry confirmation upon breaking 2660 with a closing 4-hour candle on high volume
Short-term Targets:
First Target: 2720
Second Target: 2790
Third Target: 2880 (if the previous 2788 is broken)
Stop Loss:
Below $2580 ➜ recent lowest support level
Capital Management:
Split the trade into two parts
Take partial profits at each target
Move the stop loss upon achieving the first target
💬 Question for the audience:
Do you think ETH will break the resistance at 2660 and start a new upward wave
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