### Observations:
1. **Price Action**: The price is trading above the 60-day Moving Average (MA60), indicating a short-term bullish sentiment.
2. **MACD**: The MACD line (DIF) has crossed above the signal line (DEA), and both are near zero, suggesting potential upward momentum.
3. **Volume**: There was a spike in volume, which often precedes a stronger price movement.
4. **Key Levels**:
- **Support**: Around $1.30 (MA60 and recent consolidation area).
- **Resistance**: Near $1.314 (recent high).
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### Long Position Strategy:
- **Entry**: $1.305–$1.31 (on pullback near MA60 or support zone).
- **Take Profit (TP)**:
- **Target 1**: $1.33 (recent resistance and psychological level).
- **Target 2**: $1.35 (potential breakout zone).
- **Stop Loss (SL)**: Below $1.29 (to protect against false breakouts).
- **Trade Duration**: 4–8 hours (or until price action confirms TP levels).
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### Short Position Strategy:
- **Entry**: $1.315–$1.32 (near resistance if price struggles to break out).
- **Take Profit (TP)**:
- **Target 1**: $1.30 (near MA60 and previous support).
- **Target 2**: $1.28 (lower support area).
- **Stop Loss (SL)**: Above $1.33 (in case of upward breakout).
- **Trade Duration**: 4–8 hours (depending on momentum).
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### Contingency Plans:
1. **Plan A** (if long position goes wrong):
- Exit if price falls below $1.29 (confirmed trend reversal).
- Reassess for a short entry near $1.29 resistance turned support.
2. **Plan B** (if short position goes wrong):
- Exit if price breaks above $1.33 with volume.
- Consider switching to a long position targeting $1.35–$1.37.
3. **Plan C** (if signals conflict):
- Stay on the sidelines until clear direction emerges (e.g., price consolidates at key levels with volume breakout).
4. **Plan D**:
- If sideways, trade within the range of $1.29–$1.32 for scalping opportunities. #MarketInTheGreen #EthereumAwakening? $APE