Trade Setup for $ETH
Current Price: $4,004.37
24H High/Low: $4,024.46 / $3,968.00
Details:
1. Entry Point: $3,995 - $4,010
Price is hovering near EMA(7) and EMA(25), showing consolidation before a potential breakout.
2. Target Levels:
First Target: $4,025 (recent high).
Second Target: $4,050 (next resistance).
3. Stop Loss:
Place below $3,970 to minimize downside risk.
Analysis:
Indicators:
EMA(7) and EMA(25) align closely, indicating price stability.
MACD shows signs of convergence, signaling possible bullish momentum in $ETH.
Momentum:
A strong breakout above $4,025 with volume will confirm upward continuation.
Leverage this setup to trade $ETH with calculated risk and focus on price movement confirmation.
Always adapt your strategy based on market conditions.