ETH/USDT Trading Strategy
1. Current Price: 3,760 USDT
2. Period: 5 days
3. Trading Direction: Short Position
4. Technical Analysis and Strategy Logic:
Monthly: RSI(6) is at 67.61, close to the overbought area, with prices stagnating around 4,000 USDT; MACD shows that bullish momentum continues, but the rate of increase in the histogram is slowing.
Weekly: RSI(6) is at 68.96, with prices retreating near the recent high of 4,087 USDT, MA(5) is turning, and trading volume is decreasing.
Three-Day: RSI(6) has dropped to 67.37, MACD red bars are shortening, and prices have fallen below MA(5), indicating a pullback signal.
Daily: RSI has fallen to 48.22, dropping below the 50 strength threshold, MACD bearish volume is increasing, indicating a further weakening of the short-term trend.
5. Trading Strategy:
Entry Price: Around 3,760 USDT
Take Profit Price: 3,550 USDT
Stop Loss Price: 3,880 USDT
Position Suggestion: 15%
Leverage: Low leverage recommended (to control risk)
Click on the trading pair below to trade. $ETH