I'm looking at a long trade idea on ETH/USD with the following structure:
Buy Entry: $2,740
Target 1: $3,320
Target 2: $4,000
Here's a breakdown of the trade setup and key considerations:
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📈 Trade Summary
Parameter Value
Entry $2,740
Target 1 $3,320
Target 2 $4,000
Potential Upside (to T1) ~21.2%
Potential Upside (to T2) ~46%
---
🔍 Technical Considerations
Before entering, consider:
1. Support at $2,740:
Check if this level aligns with major moving averages (e.g., 100/200-day) or prior demand zones.
2. Resistance Zones:
Around $3,320: Watch for profit-taking pressure or horizontal resistance.
$4,000: Likely a strong psychological and technical barrier.
3. Volume Confirmation:
Look for rising volume or breakout candles to confirm momentum.
---
⚠ Risk Management
Stop Loss: Consider placing it below recent support (e.g., ~$2,600 or tighter, depending on strategy).
Position Sizing: Use a % of your portfolio that fits your risk tolerance (e.g., risking 1–2% per trade).
---
✅ Example Risk/Reward (R:R)
To Target 1:
Risking $140 (Stop at $2,600), Gain of $580 → R:R ~4.1:1
To Target 2:
Gain of $1,260 → R:R ~9:1
---
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Buy Entry: $2,740
Target 1: $3,320
Target 2: $4,000
Here's a breakdown of the trade setup and key considerations:
---
📈 Trade Summary
Parameter Value
Entry $2,740
Target 1 $3,320
Target 2 $4,000
Potential Upside (to T1) ~21.2%
Potential Upside (to T2) ~46%
---
🔍 Technical Considerations
Before entering, consider:
1. Support at $2,740:
Check if this level aligns with major moving averages (e.g., 100/200-day) or prior demand zones.
2. Resistance Zones:
Around $3,320: Watch for profit-taking pressure or horizontal resistance.
$4,000: Likely a strong psychological and technical barrier.
3. Volume Confirmation:
Look for rising volume or breakout candles to confirm momentum.
---
⚠ Risk Management
Stop Loss: Consider placing it below recent support (e.g., ~$2,600 or tighter, depending on strategy).
Position Sizing: Use a % of your portfolio that fits your risk tolerance (e.g., risking 1–2% per trade).
---
✅ Example Risk/Reward (R:R)
To Target 1:
Risking $140 (Stop at $2,600), Gain of $580 → R:R ~4.1:1
To Target 2:
Gain of $1,260 → R:R ~9:1
---
Would you like a chart with technical indicators or help automating alerts on TradingView?
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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.