đ„đŠ for Ethereum (ETH/USDT):
December 11, 2024
#### **Current Status**: Bearish Short-Term, Bullish Long-Term
- **Current Price**: $3,601.90
- **Resistance**: $3,650, $3,800, $4,100
- **Support**: $3,500, $3,250, $2,872
#### **Trading Signal**:
1. **For a Bullish Trade (Buy Signal)**:
- **Condition**:
Enter when the price holds above **$3,500** and breaks through **$3,650** with strong buying volume.
- **Entry Price**: $3,660
- **Targets**:
- First Target: $3,800
- Second Target: $4,000
- Third Target: $4,100
- **Stop Loss**: $3,450
2. **For a Bearish Trade (Sell Signal)**:
- **Condition**:
Enter when the price breaks below **$3,500** with increasing selling pressure.
- **Entry Price**: $3,490
- **Targets**:
- First Target: $3,250
- Second Target: $2,872
- **Stop Loss**: $3,550
#### **Confirmation Tools**:
- **MACD**: Watch for crossovers to confirm bullish/bearish momentum.
- **RSI**: If RSI drops below 30 (oversold), it might signal a bounce for bullish trades. For bearish setups, wait for RSI to break above 70 before weakening.
- **Volume**: Increased volume during a breakout adds confirmation.
#### **Risk Management**:
- Risk no more than 1-2% of your total capital on a single trade.
- Use a trailing stop to lock in profits if the trade moves in your favor.
