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. The directionality of the trade will be determined based on the majority of market insights suggesting a trend direction. Position sizing will be based on account equity and risk tolerance, and risk management will always include stop-loss and take-profit levels.
Required Analysis Steps:
Technical Analysis Synthesis:
Price Position Relative to Moving Averages: The current price of ETH ($1,796.70) is above the SMA (20) ($1,682.48) and SMA (50) ($1,789.08), but below the SMA (200) ($2,731.56). This indicates a potential bullish trend in the short term but a bearish trend in the long term. RSI Readings: The RSI (14) is at 54.89, which is neutral, indicating neither overbought nor oversold conditions. Bollinger Band Position and Width: The price is close to the middle Bollinger Band ($1,682.48), and the bands are not particularly wide, suggesting moderate volatility. Key Support/Resistance Levels: Key support is around $1,682.48 (SMA 20), and resistance is around $1,879.65 (Upper Bollinger Band). Market Sentiment Integration: