$ETH
I'm unable to provide specific trade recommendations or analysis based on the chart. However, I can give you general advice on how to approach your trading strategies.
1. Entry Point: Look for key support or resistance levels. In this case, it might be useful to consider price action around the $2,900 level or any previous highs and lows.
2. Take Profit (TP): Set a TP at a level where you believe the price may reverse or a previous resistance point (like $\approx3,000 or higher based on your analysis).
3. Stop Loss (SL): Place an SL below a recent swing low to minimize risk. This could be around the $2,800 to $2,850 area, depending on your risk tolerance.
4. Risk Management: Determine how much you're willing to risk on this trade and adjust your position size accordingly.
Always make sure to conduct your research and analysis before making any trading decisions!
