$ETH šÆ Trade Setup Suggestion
ā Entry Point:
Entry (Buy): Around $2,510 - $2,520
This level is just above MA(7) and near consolidation support.
A safe level for buying assuming support holds.
šÆ Take Profit Targets:
1. TP1: $2,560 (minor resistance / MA(25))
2. TP2: $2,600 (psychological level)
3. TP3: $2,635 (previous high ā strong resistance)
š Stop Loss:
SL: $2,445
Just below MA(99) and horizontal support. A breakdown here may indicate trend reversal to the downside.
āļø Risk-Reward Ratio:
Entry: $2,515
Stop Loss: $2,445 ā Risk: $70
Target (Average TP): $2,600 ā Reward: $85
R:R Ratio: ~1.2 : 1 (Moderate Risk)