#TradeStroies Current Price
$ETH : $2,544.16
EMA(7) (Yellow): 2,542.29
EMA(25) (pink): 2,557.16
EMA(99) (Purple): 2,584.76
RSI(6): 48.68 (neutral zone, near bottom)
MACD: upwards crossroads starts, but still weak
Trend: Clear downtrend, although there is a local rebound
Setting up grid trading in a downmarket environment:
1. Grid range:
Since the graph is descending, it is better to adjust the grid in the direction of potential accumulation:
Upper limit: $2,570 (EMA25 - resistance)
Lower boundary: $2,500 (recent local low is 2,515.69)
2. Number of levels (grids):
6–8 levels (the larger, the finer the grid and the more small trades)
3. Grid Type:
Arithmetic grid (steady steps) or Geometric (recommended for recession — wider below, tighter higher)
4. Entry (purchase) point:
The current price
$ETH of $2,544 is already within the grid. Entry now or waiting for confirmation that the RSI breaks through 50 upwards and the MACD fixes above 0 is a sign of a short-term rebound
Stop Loss just below $2,495 to avoid losses in a hard fall.
Take Profit at EMA(99) if the trend reverses upwards