ETH/USDT — Long-Term Profit Booking Setup
Entry Zone: $4,600 – $4,800
Position Size: 0.21 ETH ($1,000 at $4,700 midpoint)
Take Profit Targets:
TP1: $5,200
TP2: $5,800
TP3: $6,500+
Stop-Loss: $4,300
Why It Works
Technical Support: Current price ($4,744.64) above MA7 ($3,937.87) and MA25 ($2,644.43), with strong volume (6.57B USDT).
Fundamentals: $60B+ TVL, potential ETF approvals, and network upgrades.
Sentiment: +9.92% gain, bullish trend with room for growth.
Risk Management
Risk-reward: 2:1 (TP1), 4:1 (TP3).
Scale out: 40% at TP1, 30% at TP2, 30% at TP3.
Adjust stop-loss to $4,500 if above $5,000.