š ETH/USDT Trading Setup (as of $2,447)
š¹ Market Context:
$ETH appears to be in a short-term downtrend or correction, possibly retesting a key support zone near $2,400. If it holds, we may see a bounceāelse, it could break lower.
ā
Trade Strategy
Parameter Value Range Notes
Entry Zone $2,430 ā $2,450 Enter near support, watch for bullish candle confirmation
Stop Loss $2,375 Below recent swing low
Target 1 $2,525 Near 3.2ā3.5% upside
Target 2 $2,600 Psychological and technical resistance
Target 3 $2,680 (optional) Only if bullish momentum strengthens
RiskāReward ~1:2.5 Favorable if SL is respected
š Conservative Setup (Lower Risk)
Entry: $2,400 (if price dips)
Stop Loss: $2,320
Target: $2,500 ā $2,550
Use lower position size to account for volatility.
ā ļø Risk Management Tips
Never risk more than 1ā2% of your portfolio on a single trade.
If
$BTC drops sharply below key support levels, expect ETH to follow.
Wait for bullish confirmation (like hammer candle or RSI reversal) before entering.
š§ Quick Takeaway: ETH is near a critical zone. A bounce can bring short-term gains, but if $2,400 breaks, you may want to re-evaluate or consider shorting with tight risk.
#TradeLessons #catchTheFlow #ETH/USDTā”ļøā”ļø