Evening Trading Points
$ETH 😄
Long Trading Plan ( Primary Direction )
Full cycle bullish convergence, with long positions as the primary direction. The key is to enter at retracement levels rather than chase highs.
Plan A: Retracement to 2285 long
- Entry: 2283-2287(5M close confirms stable above 2285)
- Stop Loss: 2275
- Target 1: 2300(psychological level)
- Target 2: 2310-2320
- Risk/Reward: approximately 1.5:1 to 3:1
- Trigger: Price retraces to 2285 vicinity + 5M increased volume bullish candle confirmation
Plan B: Retracement to 2279 long(more conservative)
- Entry: 2277-2281(5M close co