Minds

3X Long Ethereum Token / USD forum

Jun 9

**Trade Suggestion: ETHUSD Sell Limit**

**Entry:** Suggest initiating a sell limit order at $3712.

**Stop Loss (SL):** Set the initial stop-loss at $3725, with a contingency plan for a worst-case scenario at $3735.

**Take Profit (TP):**
- First Target: $3709
- Second Target: $3705
- Third Target: $3700

**Rationale:** This trade strategy involves placing a sell limit order at a strategic level, anticipating a bearish movement in Ethereum's price. The initial stop-loss is set to manage risk, with an additional worst-case stop-loss to account for unexpected market movements. Take-profit targets are strategically placed to capture potential downside movement. This trade aligns with the current market sentiment on Ethereum and offers a favorable risk-reward profile.

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As always, adjust position sizes according to individual risk tolerance and closely monitor market conditions throughout the trade duration.