$ETH /USDT Day Trade Signal
Action:Buy
Entry Zone:$1,790 – $1,805
Take Profit Targets:
- TP1: $1,830
- TP2: $1,850
- TP3: $1,870
Stop Loss: $1,755
Technical Analysis
Price Action: ETH rebounded strongly from the $1,757 support level.
- Momentum: RSI is rising steadily; MACD nearing a bullish crossover on the 1-hour chart.
- Volume: Healthy buying activity ($1.07B in 24h volume), signaling increased demand.
- Trend Indicators: MAs/EMAs suggest a minor downtrend, but a short-term bullish breakout is likely.
- Volatility: Bollinger Bands are tightening, hinting at a potential significant price move.
Trade Strategy & Risk Management
- Position Size: Risk no more than 1–2% of capital per trade.
- Risk/Reward: ~1:2 (based on TP3).
- Stop Loss Adjustment: Move SL to breakeven once TP1 is reached.
- Exit Plan: Close the trade immediately if ETH breaks below $1,755.
Optional Scalp Trade (Contingency):
If ETH faces rejection near the $1,830–$1,850 zone, consider a short scalp targeting a quick pullback to $1,790.
Monitor price action closely—volatility expected due to Bollinger Band squeeze. Adjust targets if momentum shifts.
