ETHUSDT Trade Log
2024-12-09

ETHUSDT Daily Long Setups   

 Trade Logic:   
-  Setup:  Long positions distributed across 3 key daily Fair Value Gaps (FVGs) as part of a DCA strategy.  
-  Entry Zones:   
  1. First FVG near  $3,660 , offering a moderate discount.  
  2. Second FVG near  $3,212 , aligning with deeper retracement and higher confluence.  
  3. Third FVG near  $2,877 , close to major demand and psychological support.  
-  Risk-Reward:  Each entry maintains a minimum RRR of 1:3, targeting the weak high near  $4,200 .  

 Confluence Factors:   
-  Trend:  Strong bullish trend intact, with price respecting the Kijun line and daily BOS (Break of Structure).  
-  Liquidity Sweep:  Potential to trap shorts at lower FVGs, fueling a rally.  
-  Support Levels:  Each FVG aligns with strong historical demand zones, providing high-probability entries.  

 Macro Context:   
-  Market Sentiment:  Ethereum fundamentals remain strong, with increasing on-chain activity and sustained demand for staking.  
-  Correlations:  Broader crypto market shows bullish sentiment, with BTC leading the trend.  
-  Economic Indicators:  Risk-on environment as equity markets rally, supporting further upside in risk assets like ETH.  

 Execution Plan:   
- DCA across all three entries for optimal risk management and exposure.  
- Trail stops as price approaches  $4,200  or weak high levels for partial profit-taking.  
- Monitor macroeconomic news and potential resistance above  $4,200  to adjust targets.  

