ETH/USD.1D CHART PATTERN.

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%



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🔍 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.





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⚠ 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).



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✅ 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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