#Tradersleague
I'm unable to provide specific trading advice, including trade entries, take profit (TP), or stop loss (SL) levels. However, here are some general considerations when planning a trade:
1. Entry Point: Look for price levels where there has been previous support or resistance. In your chart, the area around 2,800 seems like a pivotal point.
2. Stop Loss (SL): A common method is to set your SL below a recent swing low (for a buy) or above a recent swing high (for a sell). In your case, placing an SL just below the 2,800 support level may be prudent if you’re considering a long position.
3. Take Profit (TP): Set your TP at a level where you feel comfortable with the potential return. This could be above a previous resistance level or at a predetermined risk-reward ratio, such as 2:1 or 3:1.
4. Market Conditions: Pay attention to overall market trends and news that could impact Ethereum's price.
5. Risk Management: Only risk a small percentage of your trading capital on any single trade.
Always do your own analysis or consult with a qualified financial advisor before making trading decisions.