Absolutely! Here's your Ethereum long position analysis in English based on the chart you shared:
๐ง My Position โ Long at $2,590
๐ Current Price: ~$2,605
๐ That means you're currently ~$15 in profit (small gain for now).
๐ Chart-Based Technical Analysis (1D timeframe)
โ Key Support Levels
$2,423 โ Fibonacci 0.382 level
$2,450โ$2,475 โ Close to the 50 EMA (blue line)
These zones serve as strong support, holding the price up.
๐ My Entry Strength
You entered at $2,590, which is:
Above EMA 20 (red) โ bullish short-term signal
Right in the tight moving average cluster (20/50/200) โ often a sign of an upcoming breakout
๐ Risk/Reward Ratio
Entry: $2,590
Stop-Loss: $2,575 โ Risk: $115
TP1: $2,743 โ Reward: $1530
R/R ratio for TP1: ~1
โ๏ธ Overall: Very good entry with balanced risk.
๐ Recommendations:
If ETH moves above $2,650, consider moving SL to break-even ($2,590) โ protect your capital
Near $2,743, you could:
Close 50% of my position
Or use a trailing stop to lock in more profit
๐ง My Position โ Long at $2,590
๐ Current Price: ~$2,605
๐ That means you're currently ~$15 in profit (small gain for now).
๐ Chart-Based Technical Analysis (1D timeframe)
โ Key Support Levels
$2,423 โ Fibonacci 0.382 level
$2,450โ$2,475 โ Close to the 50 EMA (blue line)
These zones serve as strong support, holding the price up.
๐ My Entry Strength
You entered at $2,590, which is:
Above EMA 20 (red) โ bullish short-term signal
Right in the tight moving average cluster (20/50/200) โ often a sign of an upcoming breakout
๐ Risk/Reward Ratio
Entry: $2,590
Stop-Loss: $2,575 โ Risk: $115
TP1: $2,743 โ Reward: $1530
R/R ratio for TP1: ~1
โ๏ธ Overall: Very good entry with balanced risk.
๐ Recommendations:
If ETH moves above $2,650, consider moving SL to break-even ($2,590) โ protect your capital
Near $2,743, you could:
Close 50% of my position
Or use a trailing stop to lock in more profit
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.