#TradeStories #StrategyTrades – RSI & Support Level Combo
I recently executed a trade on ETH using a Relative Strength Index (RSI) + Support Level strategy. The setup showed ETH approaching a strong historical support zone around $2,200, while RSI on the 4-hour chart dipped below 30, signaling oversold conditions.
My Strategy:
Entry Point: $2,215
Indicators Used: RSI (oversold), Support zone
Plan: Buy on confirmation of support hold and RSI bounce
Target: $2,400
Stop-loss: $2,150 (below key support)
Outcome:
ETH bounced exactly as planned. The trade hit my $2,400 target within two days. It was a clean, low-risk, high-reward setup. The RSI reversal confirmed momentum, and support held strong.
Next Time?
I might add volume confirmation next time to increase conviction. It would help filter out false RSI signals, especially in choppy markets.
This was one of my most textbook trades recently, and it reminded me how effective simple setups can be with discipline and proper risk management.
What’s your go-to strategy? Let’s learn from each other
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