#CryptoStocks
🔥 Today's Trade: Buy Ethereum (ETH) 🔥
Trade Details:
Entry Price: $2,504
Target Price (Take Profit): $2,750
Stop Loss: $2,400
Expected Profit: Approximately 10%
Risk Management: Set a stop loss to minimize potential losses
Technical Analysis:
We based this trade on a bullish technical pattern known as the "Cup and Handle," which strongly indicates a potential price increase after breaking the key resistance level at $2,750.
Currently, ETH is trading around $2,504 and facing strong resistance. A breakout above this level suggests a possible upward wave, offering a good profit opportunity.
The stop loss is set at $2,400, a strong support level, to protect your capital in case of a price drop.
The risk-to-reward ratio for this trade is excellent, making it a suitable opportunity for disciplined trading.
📌 Tip: Monitor the trade closely and always use a stop loss to safeguard your capital.
---
Follow me for more accurate analyses and winning trades! 🚀💰
#Trading #Ethereum #TradeOfTheDay #TechnicalAnalysis #Binance