My suggesting a sell position on the BTC/ETH pair at 42.6300, with target levels at 39.0750, 37.2400, and 35.3560, and a stop-loss at 44.5800.
Analysis & Considerations
1. Risk-Reward Ratio
If your first target is 39.0750, your risk (stop-loss) is 1.95 ETH, and your reward is 3.55 ETH → Risk/Reward = 1:1.8, which is decent.
If aiming for 35.3560, the R/R improves significantly.
2. Market Conditions
Check BTC/ETH technical indicators (RSI, MACD, Volume, Support/Resistance).
News or fundamental events impacting BTC and ETH could affect this trade.
3. Confirmation Signals
If BTC is weak and ETH is stronger, this sell setup has a better probability.
If ETH shows weakness, BTC may also fall, impacting relative price action.
Would you like a quick analysis of the latest BTC/ETH trend before confirming the trade?