$ETH
Potential ETH Spot Trade
Entry Zone: Keep an eye on $ETH . If it pushes decisively above $1,800 with good trading activity and maintains that level, consider entering a long position between $1,800 and $1,820.
Protective Stop: To limit potential losses, set a
stop-loss order in the $1,680-$1,700 range, just below recent price support.
Profit Targets:
* Near-term: Aim for $1,850.
* Intermediate: Look towards $2,000.
* Long-term: The $2,450 area is a potential longer-term target, near the 99 days moving average resistance.
Important Considerations for Risk: Only allocate 3-5% of your total trading funds to this setup. Always use a stop-los#s order. If the price approaches $1,850 and shows signs of weakening, think about taking some profits off the table. For the mid and long-term targets, you could reinvest profits or adjust your stop-loss order as the price moves favorably.
