ETH/USDT Technical Analysis📊: Buying, Selling, and Stop Loss Targets 🎯
Current Price: 3,706.10 USDT
Support Level: 3,631.23 USDT
Resistance Level: 3,738.98 USDT
Trading Data:
24h High: 3,738.98 USDT
24h Low: 3,631.23 USDT
24h Volume (ETH): 423,862.04 ETH
24h Volume (USDT): 1.56B USDT
Technical Analysis:
MA (Moving Average): Bullish, indicating positive short-term momentum.
EMA (Exponential Moving Average): Positive, confirming an uptrend.
MACD: Bullish, suggesting potential continuation of price rise.
Bollinger Bands: Price nearing the upper band, indicating potential for a breakout.
SAR (Parabolic SAR): Bullish, confirming the upward trend.
Step-by-Step Trading Strategy:
Buy Signal:
Enter near 3,631.23 USDT (support level) if signs of reversal appear.
Alternatively, buy on a breakout above 3,738.98 USDT (resistance level).
Sell Signal:
Exit near 3,738.98 USDT (resistance level) or adjust if price rises further above resistance.
For extended gains, monitor the market for higher resistance levels.
Stop Loss:
Set a stop loss below 3,631.23 USDT to protect against downside risk.
Target Price:
Short Term: 3,738.98 USDT (immediate resistance level).
Long Term: If the breakout continues, the next resistance could be around 3,750.00 USDT.
Important Notes:
Best Time to Buy: Watch during high-volume periods near the support level.
Best Time to Sell: Watch for reversal signs near resistance at 3,738.98 USDT.
Always check live charts for confirmation before entering trades.
Disclaimer:
Trading involves risk. This is not financial advice. Always do your own research and trade responsibly.
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