📊 Technical Analysis:
ETH price is reacting to the EMA and showing signs of weakness.
A downtrend is forming with clear selling pressure.
Key resistance: 2,077 – 2,100 USD
The EMA is acting as a dynamic resistance level.
📌 Trade Setup (Intraday Trade):
Entry: 2,063 – 2,067 USD
Take Profit (TP): 2,020 USD
Stop Loss (SL): 2,078 USD
Risk/Reward Ratio (R:R): 2.87:1 (Low risk – High potential reward)
📢 Reasons to SELL:
✅ Price retests the EMA but fails to break through.
✅ Downtrend on lower timeframes with strong selling pressure.
✅ Strong resistance zone at 2,077 – 2,100 USD.
✅ Attractive R:R ratio for an intraday trade.
💰 Risk Management:
Maximum risk per trade: 1-2% of account balance.
Always use a stop loss to protect your capital.
Monitor market conditions to adjust strategy accordingly.
🚀 Follow me for more high-probability trading opportunities! 🚀
ETH price is reacting to the EMA and showing signs of weakness.
A downtrend is forming with clear selling pressure.
Key resistance: 2,077 – 2,100 USD
The EMA is acting as a dynamic resistance level.
📌 Trade Setup (Intraday Trade):
Entry: 2,063 – 2,067 USD
Take Profit (TP): 2,020 USD
Stop Loss (SL): 2,078 USD
Risk/Reward Ratio (R:R): 2.87:1 (Low risk – High potential reward)
📢 Reasons to SELL:
✅ Price retests the EMA but fails to break through.
✅ Downtrend on lower timeframes with strong selling pressure.
✅ Strong resistance zone at 2,077 – 2,100 USD.
✅ Attractive R:R ratio for an intraday trade.
💰 Risk Management:
Maximum risk per trade: 1-2% of account balance.
Always use a stop loss to protect your capital.
Monitor market conditions to adjust strategy accordingly.
🚀 Follow me for more high-probability trading opportunities! 🚀
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.