For the $ETH /USDT 15-minute chart, with the current price at 2,514.99 USDT, here’s a potential trading strategy:
Current Setup:
ETH is trading in a range, recently reaching a high of 2,586.80 USDT and finding support around 2,485.05 USDT. The price is consolidating near a short-term resistance around 2,521.63 USDT.
Entry Point:
Consider entering a long position around 2,510 USDT to capture a potential breakout or upward continuation toward resistance levels.
Targets (TP):
TP1: 2,525 USDT
TP2: 2,540 USDT
TP3: 2,555 USDT
These targets are set close together, capturing incremental gains if the price moves upward.
Support and Stop-Loss (SL): Immediate support lies at 2,485 USDT, and a stop-loss around 2,480 USDT is recommended to limit risk in case of a downward reversal.
Indicators Insight: The RSI is near 50, suggesting a neutral position and potential for movement in either direction. The MACD shows slight bullish momentum, but it's not strong, indicating a potential breakout or a slight pullback. Traders should watch the reaction at the 2,521.63 USDT resistance level, as a breakout here could confirm the next move upwards, while failure to break may lead to consolidation.
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