$ETH
ETH/USDT Trade Plan and Analysis
Market Overview
ETH/USDT is trading at $3,341.70, with a 0.40% drop in the last 24 hours. Key levels:
Support: $3,320
Resistance: $3,380 - $3,400
The 4-hour chart shows consolidation after a recent downtrend, with reduced selling pressure and stable price action.
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Strategy
1. Range Trading:
Buy: Near $3,320 support
Target: $3,380 - $3,400
Stop Loss: $3,300
2. Breakout Plan:
Bullish Breakout: Long above $3,400 targeting $3,500.
Bearish Breakout: Short below $3,300 targeting $3,250.
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Summary
ETH is range-bound with potential for a breakout. Watch volume for confirmation before entering trades. Use a 1:2 risk-reward ratio for better results.
Disclaimer: This is not financial advice. Trade responsibly.
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