ETH/USDT Trade Plan & Strategy
📉 Market Analysis:
The 4-hour chart for ETH/USDT shows a recent bearish trend, with the price consolidating near $3,290. Key support is observed around $3,200, while resistance lies near $3,400. The wicks near the recent lows suggest buyer interest at the $3,200 zone, but overall momentum remains weak.
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Trading Strategy
1. Scalping Setup (Short-Term):
👉 Entry: Buy near $3,200 if bullish confirmation (e.g., green candlesticks or increased volume) appears.
👉 Target: $3,350–$3,400 (resistance zone).
👉 Stop Loss: Below $3,180 to limit downside risk.
2. Swing Trade (Medium-Term):
✅ Bullish Plan:
Enter above $3,400 if price breaks resistance.
Targets: $3,600 and $3,800.
Stop Loss: Below $3,350.
✅ Bearish Plan:
Short below $3,200 if the price breaks support.
Targets: $3,000 and $2,900.
Stop Loss: Above $3,250.
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Key Indicators to Watch
📊 RSI: Monitor for oversold (buy) or overbought (sell) conditions.
📊 Moving Averages: Use 50 EMA and 200 EMA to confirm trend direction.
📊 MACD: Look for momentum shifts to validate entries.
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Risk Management
🎯 Only risk 1–2% of your capital per trade. Use proper position sizing to stay within your risk tolerance.
This setup allows flexibility for both bullish and bearish scenarios. Always adapt to market conditions and stick to your plan!
💬 What’s your outlook for ETH? Are you bullish or bearish? Let’s discuss!
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