ETH/USDT Trading Strategy
1. Current Price: 3858.02 USDT
2. Period: 5 days
3. Trading Direction: Short Position
Technical Analysis and Strategy Logic:
Monthly: RSI shows 68.87, close to overbought area, price gradually approaching previous high of 4093.92, there is a pullback pressure.
Weekly: RSI is 73.49, has entered the overbought area, while the price has risen for several consecutive weeks, momentum is weakening, and trading volume has not been able to expand continuously.
3-Day: Short-term RSI is 65.60, showing a tendency for a pullback, MACD green bars are starting to enlarge, indicating that bearish strength is gradually increasing.
Daily: Short-term moving average (MA5) is turning downward, MA10 support level is around 3740, if this level is broken, it may trigger a larger decline.
Trading Strategy:
Entry Price: 3850.00 USDT
Take Profit Price: 3700.00 USDT
Stop Loss Price: 3950.00 USDT
Position Size: 15%
Leverage: 2x
Strategy Logic:
RSI is close to the overbought area, price upward momentum is weakening, both weekly and daily indicate a possible short-term adjustment.
Set take profit price at 3700 USDT, close to MA10 support area.
Stop loss set above 3950 USDT to avoid unexpected upward risk.
Click below to trade the pair. $ETH