🚀 $ETH Swing Trade Plan
Current Entry (Market): $1,574
Stop Loss (SL): $1,450 (Placed below the recent local support to protect against invalidation)
🎯 Take Profit (TP) Targets
• TP1: $2,300 (Initial major resistance & entry into the consolidation channel)
• TP2: $2,850 (Upper boundary of the channel / Breakout trigger)
• TP3: $4,000 (Main macro target)
⚙️ Strategy & Risk Management
➔ Risk/Reward Ratio: Highly favorable setup (~1:20 potential R:R to the final target).
➔ Trade Management: Secure partial profits at TP1 ($2,300) and move your Stop Loss to break-even ($1,574) once the sideways phase is established.
#ETH
Current Entry (Market): $1,574
Stop Loss (SL): $1,450 (Placed below the recent local support to protect against invalidation)
🎯 Take Profit (TP) Targets
• TP1: $2,300 (Initial major resistance & entry into the consolidation channel)
• TP2: $2,850 (Upper boundary of the channel / Breakout trigger)
• TP3: $4,000 (Main macro target)
⚙️ Strategy & Risk Management
➔ Risk/Reward Ratio: Highly favorable setup (~1:20 potential R:R to the final target).
➔ Trade Management: Secure partial profits at TP1 ($2,300) and move your Stop Loss to break-even ($1,574) once the sideways phase is established.
#ETH