#ETHđ„đ„đ„đ„ #potGoldATH
# Indicators and Observations:
1. **Price (2,635.65, +1.23%):** ETH is showing an upward momentum.
2. **MACD:**
- **DIF: 3.07, DEA: 2.99, MACD: 0.08** â Positive values indicate bullish momentum, but MACD is not too strong yet. It suggests upward momentum but with a possibility of consolidation.
3. **Volume:**
- Volume is relatively low, except for a slight increase recently, indicating possible accumulation. A surge in volume could validate the price direction.
4. **Moving Averages (MA):**
- **MA(5): 85.04** and **MA(10): 98.82** show a short-term trend that is attempting to cross over. The alignment of these moving averages suggests momentum is building, but not fully confirmed.
5. **Price History:**
- Over **7 Days: +6.48%** â Short-term uptrend.
- Over **90 Days: -22.13%**, **180 Days: -25.22%** â Longer-term downtrend but showing recovery in the short term.
# Entry and Exit Strategy:
#### Long (Buy):
- **Entry Point:**
- If the price breaks above **2,636**, you could consider a long position. Wait for a retest of this level or confirmation through increased volume.
- **Target Profit (TP):**
- First target at **2,700** based on the previous support/resistance zones.
- Second target around **2,750-2,780**, if the momentum continues.
- **Stop Loss (SL):**
- Place an SL below **2,615** (just below recent support) to limit losses.
#### Short (Sell):
- **Entry Point:**
- If the price falls below **2,615**, it could signal a short opportunity. Confirm with a volume spike and MACD crossover downwards.
- **Target Profit (TP):**
- First target near **2,580** based on prior price action.
- Extended target around **2,550**.
- **Stop Loss (SL):**
- Set your SL above **2,640** to minimize risk if the price reverses upward.
### Trade Duration:
- **Short-term trade:** 1-3 days based on the 7-day trend.
- **Medium-term:** 1-2 weeks to ride a stronger trend toward 2,700 or higher if confirmed.
### Plan if Signals Go Against You:
- If you enter long and the price fails to break or stay above **2,636**, exit immediately and consider entering short below **2,615**.
- For short positions, if the price closes above **2,640**, itâs safer to exit and consider reversing into a long.
### Risk Management:
- Limit risk to 1-2% of your capital per trade.
- Ensure you monitor volume and volatility, especially near key levels like **2,636** and **2,615**, as breakout/fakeout moves can occur.
This strategy combines momentum signals with support and resistance. Adjust based on real-time market behavior, especially volume, which can provide strong confirmation for entry and exit points.
