Should ETH go Long or Short now?
✅ Proposed trading strategy (Futures - short term)
➕ Long order (preferred)
Entry: $1828–1830 (current price)
Target TP 1: $1838
Target TP 2: $1850 (if breakout)
Stop Loss: $1820
R:R ratio: Minimum 2:1
✅ Reasonable because: RSI is oversold, reversal candle, MACD is decreasing momentum → short-term technical recovery trend may occur.
⛔ Not recommended to Short at this time
Although the price is still below resistance $1850, but:
RSI is bouncing from the oversold area.
Volume spikes → Short is easily swept if there is a strong rebound.
=> Wait for a rebound to resistance before considering Short if RSI > 60 and a bearish reversal candle appears.$ETH
You want to trade $ETH