ETH Crypto Futures Trade Plan 2025-04-18
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Trading Rules:
The provided strategy involves trading crypto futures with leverage, typically between 50-150x. The directionality of the trade is determined by the majority of market insights suggesting a particular trend direction. Position sizing is based on account equity and risk tolerance, and risk management is ensured through the use of stop-loss and take-profit levels.
Required Analysis Steps:
Technical Analysis Synthesis:
The current price of ETH ($1,588.36) is below its SMA (20) of $1,666.63, indicating a potential bearish trend. The RSI (14) reading of 40.03 suggests that ETH is not in overbought or oversold territory, providing no clear indication of trend reversal. The Bollinger Bands show an upper limit of $1,913.49 and a lower limit of $1,419.77, with the current price near the middle band, indicating potential volatility. Key support levels are around $1,400 and $1,200, while resistance is at $1,800 and $2,000. Market Sentiment Integration: