$ETHFI Intraday Signal 🚦
1. Falling Wedge Pattern: The price is moving within a downward wedge, which is generally a bullish reversal pattern.
2. Support & Resistance:
Support: $0.5788 (recent low)
Resistance: $0.6620 (upper trendline)
3. MACD Indicator:
MACD is near the zero line, indicating a potential bullish crossover.
4. Volume: Recent volume spikes suggest possible accumulation.
Intraday Trading Signal:
Entry (Long Position): Buy above $0.6620 after a clear breakout with volume confirmation.
Target 1: $0.70
Target 2: $0.75
Stop Loss: $0.62 (below recent consolidation)
Entry (Short Position): If price rejects from resistance and moves below $0.63.
Target 1: $0.60
Target 2: $0.58
Stop Loss: $0.67
Risk Management:
Use 3-5% of your capital per trade and maintain a risk-reward ratio of at least 1:2.
