Trade Setup: Short-Term Buy (Swing Trade)
Asset: ETH/USDT
Timeframe: 1-Hour
Current Price: ~$2,556.85
Indicator Used: EMA(288) = $2,294.58
đ Reasoning:
Strong Uptrend: ETH rose sharply from $1,752 to $2,738 in a strong rally.
Support Zone: Price is now pulling back after hitting resistance at $2,738.50. The $2,353.76 level may act as a strong support.
EMA Support: The EMA(288) is far below at $2,294.58, confirming bullish momentum is intact.
Healthy Correction: This pullback could be a healthy correction before another move up.
â Buy Entry:
Entry Price: $2,530 â $2,550 (current region)
đŻ Target (Take Profit):
TP1: $2,650
TP2: $2,735
TP3 (if breakout): $2,785+
đ Stop Loss:
SL: $2,470 (just below the 24h low and recent consolidation zone)
â ď¸ Risk Management:
Position sizing should limit your loss to 1-2% of your trading capital.
Wait for a bullish candle or reversal signal before entering to confirm the bounce.
Would you like a more aggressive trade (like a short) or a long-term investment idea as well?
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