$ETH Today's Pro Futures Trading Plan: ETH/USDT - May 16, 2025
• Trade Direction: Long
• Justification: Price is above MA(20) ($2,601.66) and MA(200) ($1,925.32), indicating a bullish trend. Recent +3.36% rise and mark price ($2,626.29) support upside momentum.
• Entry Zone: $2,610–$2,625
• Confluence: Retest of MA(20) or breakout above $2,626.29 with volume confirmation.
• Stop-Loss: $2,585 (below MA(20) and recent swing low).
• Risk/Reward Ratio: 1:3 (Stop: $40, Target 1: $120).
• Profit Targets:
• Target 1: $2,680 (previous resistance).
• Target 2: $2,750 (Fibonacci 1.618 extension).
• Target 3: $2,850 (extended bullish structure).
• Exit Strategy: Move stop to breakeven after Target 1, trail with 15m candle closes below MA(5).
• Strategy Explanation:
• Trend alignment (higher highs/lows), MA(20) support, and bullish momentum. Confirmed by Binance volume uptick (1,298.696 ETH).
• Volume/Order Flow: Watch for increasing buy volume above $2,625 to confirm breakout.
• Leverage Note: Moderate (5–10x) due to volatility.
• Market Sentiment: Bullish bias on higher timeframes; monitor for news-driven pullbacks.
• Invalidation Level: Close below $2,585 (invalidates structure).
• Alternative Scenario: If rejected at $2,625, consider short below $2,585 targeting $2,530 (next support).
Risk Disclosure: Always size positions appropriately. This plan is time-sensitive (15m–4h).