Ethereum Long Position Analysis (ETH/USDT Perpetual)
I have opened a long position on Ethereum (ETHUSDT.P) on the 1-hour timeframe with a clear trade setup:
1. Entry Point: Around 3,891 USDT.
2. Target: 4,071 USDT (profit target based on price resistance and trend analysis).
3. Stop-Loss: 3,872.51 USDT (managing risk below the recent local low).
4. Risk-to-Reward Ratio: Favorable for this trade.
Analysis:
After a pullback, ETH is showing signs of a bullish reversal with higher lows forming.
The projected path (blue line) anticipates higher highs, confirming an uptrend continuation.
Volume indicates growing buyer activity, supporting this bullish bias.
RSI is rebounding from oversold conditions, signaling momentum shift to the upside.
Trade Plan:
If price holds above support levels near 3,890-3,900, I expect ETH to reach the first target at 4,071 and possibly break higher. Stop-loss ensures controlled risk in case of invalidation.
Let me know your thoughts on this setup!"
1. Entry Point: Around 3,891 USDT.
2. Target: 4,071 USDT (profit target based on price resistance and trend analysis).
3. Stop-Loss: 3,872.51 USDT (managing risk below the recent local low).
4. Risk-to-Reward Ratio: Favorable for this trade.
Analysis:
After a pullback, ETH is showing signs of a bullish reversal with higher lows forming.
The projected path (blue line) anticipates higher highs, confirming an uptrend continuation.
Volume indicates growing buyer activity, supporting this bullish bias.
RSI is rebounding from oversold conditions, signaling momentum shift to the upside.
Trade Plan:
If price holds above support levels near 3,890-3,900, I expect ETH to reach the first target at 4,071 and possibly break higher. Stop-loss ensures controlled risk in case of invalidation.
Let me know your thoughts on this setup!"
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