ETH Crypto Futures Trade Plan 2025-04-22
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Trading Rules:
The provided strategy involves trading crypto futures with leverage, typically between 50-150x, and entering a trade at market open if most market insights suggest a trend direction. Position sizing is based on account equity and risk tolerance, with a focus on strict risk management through stop-loss and take-profit levels.
Required Analysis Steps:
Technical Analysis Synthesis:
Price Position Relative to Key Moving Averages: The current price of ETH ($1,695.18) is above the SMA (20) at $1,623.89 and the EMA (9) at $1,616.41, but below the SMA (50) at $1,836.21 and the SMA (200) at $2,756.36. This suggests a potential short-term bullish bias but a longer-term bearish trend. RSI Readings: The RSI (14) is at 49.41, which is neutral and not indicating overbought or oversold conditions. Bollinger Band Position and Width: The price is below the upper Bollinger Band ($1,807.61) and above the lower band ($1,440.18), with the middle band ($1,623.89) acting as support. The bands are widening, indicating increasing volatility. Key Support/Resistance Levels: Recent support around $1,623.89 (SMA 20) and resistance around $1,836.21 (SMA 50). Market Sentiment Integration: