#ETH Today's Pro Trading Plan for ETH/USDT - May 4, 2025
• Entry Zone:
• Long Entry: 1,819.42 - 1,830.81 (MA(7) confluence with current price action).
• Stop Loss:
• SL: 1,805.00 (below 24h low and 1,810 psychological support).
• Risk/Reward Ratio:
• 1:2.5+ (Risk: ~25 points | Reward: ~65+ points).
• Profit Targets:
• Target 1: 1,849.60 (24h high, immediate resistance).
• Target 2: 1,900.00 (round-number psychological barrier).
• Target 3: 1,921.05 (next structural resistance from chart data).
• Strategy:
• Bullish Swing Trade: Capitalize on a bounce from the MA(7) (1,819.42) and consolidation above the 24h low (1,810). Use a limit order to enter near the MA(7) for optimal risk efficiency.
• Confirmation: Watch for bullish reversal candlesticks (e.g., hammer, bullish engulfing) or RSI divergence to strengthen entry timing.
• Partial Profit Booking: Trim 50% at Target 1, trail SL to breakeven, and let the remainder ride toward Targets 2 and 3.
• Market's Sentiment:
• Neutral-Bullish Short-Term: Price holds above MA(7) and MA(25) (1,701.07), signaling short-term bullish momentum. However, the MA(99) (2,165.12) looms as a macro resistance, reflecting longer-term bearish pressure.
• Volume: Moderate 24h volume (407M USDT) suggests cautious participation; monitor for breakout volume spikes.
• Invalidation Level / Caution Note:
• Invalidation: A sustained close below 1,805.00 invalidates the bullish structure, signaling potential downside toward MA(25) (1,701.07).
• Caution: Avoid overtrading during low-liquidity hours. Watch for sudden volatility from macro catalysts (e.g., Fed policy, Ethereum network updates).
Final Note: Discipline and patience are key. Stick to the plan, and let the market confirm your thesis.
Trade smart. Stay sharp. 🔥