$ETHFI Trading Strategy
Entry and Exit Points
Entry:
Consider entering during a minor pullback, ideally near $1.83, to reduce risk.
A breakout above $2.00 with strong volume could signal another entry for momentum traders.
Exit:
Set a target at $2.10–$2.20 for short-term gains.
Use a trailing stop-loss to protect profits if the uptrend continues.
Stop-Loss:
Place a stop-loss slightly below $1.70 to minimize losses in case of a trend reversal.
Support and Resistance:
Resistance: The 24-hour high of $1.996 serves as a critical resistance level.
Support: The $1.83 and $1.70 levels (near the MA25 and MA99 lines) act as potential support.
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