$ETH A simple and focused trading plan for ETH under $4000:
— ETH Trading Plan (Entry under $4000):
1. Entry Zone (Buy Zone):
- $3750 – $3900
Start to gradually enter within this range, divide the capital into 3 parts for example.
2. Stop Loss:
- $3600
If the price drops below this, close the position to minimize losses.
3. Take Profit Targets:
- TP1: $4200 (First Resistance)
- TP2: $4500 (Medium Resistance)
- TP3: $5000 (Strong Resistance and Psychological Level)
4. Management:
- Enter the first part at $3900-$3880.
- If the price retraces to $3800-$3750, buy the second part.
- If the price drops to $3700, buy the third part provided you are ready to lose the stop loss.
5. Market Monitoring:
- Keep an eye on momentum indicators like RSI (preferably above 40 and trending upwards).
- Ensure buying volume increases before scaling into positions.
6. Alternative Exit Plan:
- If the price strongly breaks $4000 with high trading volume, you may increase positions or move the stop loss to secure profit.