$ETH Futures Trade Setup
Get ready for a high-stakes trade as Ethereum ($ETH ) positions itself for a critical move in the market. Here's the full breakdown:
Entry Points
Option 1: Enter a sell position immediately.
Option 2: Enter at a higher resistance level of 3777.7 for a more conservative approach.
Stop Loss
Place your stop loss at 3991.0 to protect against unexpected market reversals.
Target Profit Levels
Target 1 (TP1): 3166.0 (First support level, ideal for partial profit-taking).
Target 2 (TP2): 3001.0 (Stronger support, indicates bearish continuation).
Target 3 (TP3): 2460.0 (Final target, signaling deep market correction).
Trade Strategy
1. If the price hits 3777.7, watch for confirmation signals like rejection candles or a breakdown in momentum before entering.
2. Maintain strict discipline with your stop-loss placement at 3991.0 to minimize risk.
3. Take partial profits at 3166.0 or 3001.0 to secure gains while holding for the full move to 2460.0 if bearish momentum continues.
Ethereum ($ETH ) is at a critical juncture—capitalize on this setup for a potential high-reward trade. Always trade responsibly and assess market conditions!