May 4, 2025 4:21 pm. ETH/USD Trading Strategy
Timeframe: Short-Term (Next 6–24 Hours)
Long Scenario
- Entry: Break above 1833.50 (confirmed bullish momentum).
- Confirmation: MACD bullish crossover + RSI > 50.
- Stop-Loss (SL): 1818.00 (below support zone 1820–1825).
- Take-Profit (TP): 1838.00 (below resistance 1840).
- Trailing Stop: Activate at 1835.00, trail by 0.5%.
Short Scenario
- Entry: Drop below 1825.00 (bearish breakdown).
- Confirmation: Supertrend remains short + Stochastic RSI reversal.
- Stop-Loss (SL): 1836.00 (above resistance 1833.50).
- Take-Profit (TP): 1815.00 (above support 1815).
- Trailing Stop: Activate at 1820.00, trail by 0.5%.
Timeframe: Short-Term (Next 6–24 Hours)
Long Scenario
- Entry: Break above 1833.50 (confirmed bullish momentum).
- Confirmation: MACD bullish crossover + RSI > 50.
- Stop-Loss (SL): 1818.00 (below support zone 1820–1825).
- Take-Profit (TP): 1838.00 (below resistance 1840).
- Trailing Stop: Activate at 1835.00, trail by 0.5%.
Short Scenario
- Entry: Drop below 1825.00 (bearish breakdown).
- Confirmation: Supertrend remains short + Stochastic RSI reversal.
- Stop-Loss (SL): 1836.00 (above resistance 1833.50).
- Take-Profit (TP): 1815.00 (above support 1815).
- Trailing Stop: Activate at 1820.00, trail by 0.5%.
Trade closed: target reached
Gain 💰 = 0.25% small win✅ Entry Condition:
Entry level = 1833.50
Current price = 1841.04 (close of the latest candle)
The price clearly broke above 1833.50 — entry condition is met.
✅ Confirmation:
MACD: Bullish crossover is visible (blue MACD line crossed above orange signal line).
RSI: RSI is at 66.26, which is well above 50.
Confirmation condition is met.
🟥 Stop-Loss: 1818.00
Price did not touch this level after the breakout, so SL is not hit.
🟥 Short entry condition: ❌ Not met.
Price dipped to 1822.37, triggering the short entry condition.
However, the candle reversed strongly bullish, the Supertrend turned green, and Stoch RSI is rising — so no valid confirmation for a short.
Result: Short setup invalidated.
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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.
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.