ETH Crypto Futures Trade Plan 2025-04-29
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Trading Rules:
The strategy involves trading crypto futures with leverage, typically between 50-150x. Directionality is determined by market insights suggesting a trend direction. Position sizing is based on account equity and risk tolerance, with strict risk management using stop-loss and take-profit levels.
Required Analysis Steps:
Technical Analysis Synthesis:
Price Position Relative to Moving Averages: The current price of $1,812.04 is above the SMA (20) of $1,669.54 and SMA (50) of $1,791.92, but below the SMA (200) of $2,735.02. This indicates a potential bullish short-term trend but a longer-term bearish bias. RSI Readings: The RSI (14) of 56.06 suggests the market is not in overbought or oversold conditions, indicating potential for further movement in either direction. Bollinger Bands: With the price near the middle band and the bands somewhat narrow, there's a potential for increased volatility. Key Support/Resistance Levels: The lower Bollinger Band at $1,465.83 could act as a support, while the upper Bollinger Band at $1,873.25 could act as resistance. Market Sentiment Integration: