### **Key Observations**: 1. **Current Price**: 1,596.33 USDT (+1.02%) 2. **Bid-Ask Spread**: Tight (0.1 USDT), indicating good liquidity. 3. **Support/Resistance**: - **Strong Support**: 1,594.0–1,593.0 (large bid volumes: 292.85 ETH at 1,594.0, 205.36 ETH at 1,593.7). - **Resistance**: 1,598.0–1,600.0 (thick ask volumes: 322.16 ETH at 1,600.0, 168.46 ETH at 1,598.3).
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### **Trading Plan**:
#### **Buy Signal** (Long Entry): - **Entry Zone**: **1,594.0–1,593.0** (support with high bid liquidity). - *Confirmation*: Look for a price bounce or increased buying volume at these levels. - **Take Profit (TP)**: - **TP1**: 1,598.0 (initial resistance, moderate asks). - **TP2**: 1,600.0 (strong resistance, large ask wall). - **Stop-Loss (SL)**: **1,592.4** (below key support to avoid false breakdowns).
#### **Sell Signal** (Short Entry): - **Entry Zone**: **1,598.0–1,600.0** (resistance with heavy ask pressure). - *Confirmation*: Rejection candles (e.g., doji, pin bars) or declining volume. - **Take Profit (TP)**: 1,594.0 (support zone). - **Stop-Loss (SL)**: **1,600.3** (above resistance to account for breakouts).
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### **Risk Management**: - **Risk-Reward Ratio**: Aim for **1:2** (e.g., 1.6 USDT risk vs. 3.2 USDT reward per trade). - **Position Size**: Limit to **1–2% of capital** per trade.
### **Additional Notes**: - **Trailing Stop**: If price breaks 1,600.0 with volume, adjust SL to 1,598.0 to lock profits. - **Breakout Scenario**: A close above 1,600.3 could signal further upside; wait for retest before entering long.
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