$ETH $ETH

Advanced Trading Plan for ETH/USDT (Perpetual Contract)

1. Market Overview

Last Price: $2,527.51 (+0.66%)

Resistance Levels:

Major Resistance: $2,545.00 (24h high)

Minor Resistance: $2,531.33 (Upper Bollinger Band)

Support Levels:

Major Support: $2,483.28 (24h low)

Minor Support: $2,497.30 (Lower Bollinger Band)

Trend Status: Bullish, but RSI (72.90) and STOCHRSI (96.67) suggest overbought conditions, meaning a pullback could occur soon.

2. Entry Strategies Based on Candlestick & Volume

Momentum Entry (Breakout Play):

If price breaks above $2,531 with strong volume, enter long.

Stop-loss: Set at $2,520 (below breakout level).

Profit Target: $2,545 and potentially $2,560 if strong momentum continues.

Risk: Quick retracements after breakout—manage SL tightly.

Pullback Entry (Safer Setup):

If price pulls back to $2,500-$2,505 with decreasing volume, it signals a potential reversal.

Entry: Buy after confirmation candlestick reversal (e.g., bullish engulfing).

Stop-loss: Below $2,490.

Profit Target: $2,530-$2,535.

Risk: Market may not drop deep enough—use scaled entries.

3. Key Candlestick Signals to Watch

Bullish Reversal:

Look for hammer or bullish engulfing near support zones ($2,500-$2,505).

Bearish Exhaustion:

If price reaches $2,545, watch for shooting star or bearish engulfing, signaling trend reversal.

4. Risk Management & Exit Strategy

Take Profit Levels:

TP1: $2,531 (Partial profit)

TP2: $2,545 (Full exit unless momentum is strong)

TP3: $2,560+ if bullish continuation persists.

Trailing Stop: Once price reaches $2,535, adjust SL to break-even.

Position Sizing: Risk only 1-2% of portfolio per trade.

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