Based on the current price of $ETH , approximately $3695, here is a clear entry plan:
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Entry Points:
- First Entry: $3880 - $3900 (Buy First Portion)
- Second Entry: $3800 - $3750 (Buy Second Portion)
- Third Entry: $3700 - $3680 (Buy Third Portion)
Stop Loss:
- $3600 (Below strong support, to stop losses)
Take Profit:
- TP1: $4200
- TP2: $4500
- TP3: $5000
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Notes:
- Distribute your capital into three portions based on the levels above.
- Monitor trading volume and momentum before each purchase.
- If the price exceeds $4000 with strong buying, positions can be increased or the stop loss moved to your first entry point.
⛔️Exit Plan:
- Gradual Take Profit:
- At TP1 ($4200): Sell 30-40% of positions for partial profit.
- At TP2 ($4500): Sell another 30-40%.
- At TP3 ($5000): Sell the remaining or move the stop loss to breakeven to secure the gain.
- Trailing Stop Loss:
- After reaching TP1, move the stop loss to your entry point ($3880 for example) to reduce the loss to zero.
- After TP2, move the stop loss to $4300 for example to protect the profit.
🟥Market Monitoring:
- Follow Ethereum news and major market events as they affect momentum.
- Watch indicators such as RSI and MACD to maintain the upward trend.
- If the price drops below $3600 with a daily close, reassess the trade or close it.