Here's a candlestick-style chart of $ETH (based on recent patterns) that illustrates:
🟢 Entry Price: $ETH A strategic long entry just above a bullish confirmation candle—let's say you buy at $2,900, right after a strong green candle closes above a previous resistance.
🟣 Take-Profit (TP): Around $3,050, #ETHBreaks3k near the next resistance/psychological zone.
🔴 Stop-Loss (SL): Placed just below the entry candle's low, e.g., $2,860, to limit risk (~1.5% drawdown). $ETH
In the chart, the “middle” candle turning green shows the central profit-making candle, confirming the setup.#
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📊 Example Trade Setup
1. Entry – Wait for a bullish engulfing or a morning-star candle. In our example, you enter Long at $2,900, right after that setup completes.
2. Stop-Loss – Set SL just beneath the low of the entry candle, e.g., $2,860, ~1.4% below entry.
3. Take-Profit – Set TP at $3,050,#ETHBreaks3k targeting ~5% upside for a ~3.5:1 reward-to-risk ratio.
Once ETH climbed and hit $3,050, the candle that closed near that level would visually represent your profit candle in the middle of your trade.
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🔧 Interpreting the Candlestick
Candles consist of O-H-L-C—you need to understand each to time your entries and exits effectively .
Patterns like bullish engulfing or morning star often mark trend reversals, providing reliable entry points .
Always confirm the signal—e.g. volume surge, RSI support, or trendline break. #ETHBreaks3k
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🧰 Tools to Create Your Own
To make and customize your own charts with your preferred entry and exit markers:
1. Use TradingView or Binance, select ETH/USD or ETH/USDT.
2. Choose time frame (e.g., 1-hour for intraday).
3. Plot candlestick chart.
4. Annotate with entry, SL, TP lines.
5. Save or export as image.
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If you share your preferred timeframe or risk profile, I can help tailor a detailed trade se
tup or even annotate a live chart screenshot for you. Let me know!