Hello Traders! World Investor here. 🌍💼
Ethereum just got rejected at the $2,199 high, and we are seeing a much-needed cool-down. The RSI on the lower timeframes (15m) is flashing oversold, while the 1H and 4H charts are testing crucial EMA support levels.
The 1D chart shows a beautiful breakout from a descending wedge, which is a massive bullish signal long-term! But right now? DO NOT FOMO in with 100% margin. Protect your capital and play the bounce with a DCA strategy.
Here is the master plan for both scalpers and swing traders:
🛒 DCA Entry Zones:
Entry 1 (Light 20-30%): $2,085 - $2,100 (Catching the 1H EMA-25 bounce)
Entry 2 (Primary 40-50%): $2,030 - $2,045 (Strong confluence at the 4H EMA-25)
Entry 3 (Safety 20-30%): $1,980 (Major historical floor—if we dip here, we load up!)
🎯 Take Profit (TP) Targets:
Scalpers: Secure quick profits between $2,090 - $2,130. Keep your stop loss tight at $2,050.
Swing Traders (The Big Play):
TP1: $2,145 (Sell 50% here for a risk-free ride)
TP2: $2,280 (Let the remaining bag run to the next liquidity zone!)
Swing Stop Loss: $1,940 (Gives room for volatility without breaking structure).
Patience pays in this market. Let the price come to your levels, execute the plan, and manage your risk!
Let me know in the comments: Are you scalping this dip or swinging for the $2,280 target? 👇