$ETH Here’s a short overview based on your screenshot:
ETH/USDT Overview (1h Chart on Binance):
Current Price: $1,800.64 (+0.16%)
24h High / Low: $1,841.16 / $1,778.94
Volume (ETH): 399,867
Volume (USDT): 719.96M
Trend: Sideways movement with slight upward bias.
Support: Around $1,786
Resistance: Around $1,808 - $1,830
Indicators:
MA(7) is close to the current price ($1,800.37), showing consolidation.
MACD is slightly negative (-0.62), suggesting weak momentum.
Trading Suggestion:
Current Trend: Consolidation with slight upward pressure.
Action: Wait for a breakout.
If ETH breaks above $1,830, it could signal a buy opportunity for a short-term rally.
If ETH falls below $1,786, it might be better to wait or consider shorting carefully.If Buying on Breakout (above $1,830):
Entry: Around $1,831–$1,835
Target 1: $1,850
Target 2: $1,870 (if momentum stays strong)
Stop-Loss: $1,815 (just below recent support)
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If Shorting on Breakdown (below $1,786):
Entry: Around $1,785–$1,780
Target 1: $1,765
Target 2: $1,750
Stop-Loss: $1,795 (to protect against a fake breakdown)