Range Trading Ethereum on Bitget: Step-by-Step 1-Hour Timeframe Strategy

What is Range Trading and Why Use a 1-Hour Timeframe?

Range trading involves capitalizing on an asset’s price oscillations between established support and resistance levels. Ethereum (ETH), known for its volatility, frequently enters consolidation phases ideal for this strategy. The 1-hour timeframe offers the perfect balance: it filters out market noise from shorter intervals while providing more trading opportunities than daily charts. This sweet spot allows traders to execute 2-5 trades daily without constant monitoring, making it ideal for those with limited time.

Setting Up Your Bitget Account for Range Trading

1. Create/Log in to Bitget: Sign up at Bitget.com and complete KYC verification for higher limits.
2. Fund Your Account: Deposit USDT via crypto transfer or fiat on-ramp. Start with a demo account if new.
3. Configure TradingView: Connect Bitget to TradingView (via exchange API) for advanced charting. Set chart to ETH/USDT pair.
4. Enable Risk Management Tools: Activate Stop-Loss (SL) and Take-Profit (TP) orders in Bitget’s trade settings.

Step-by-Step: Range Trading ETH on 1-Hour Charts

Step 1: Identify the Range

Analyze ETH’s 1-hour candlestick chart. Draw horizontal lines connecting at least three price bounces at similar highs (resistance) and lows (support). Valid ranges show clear rejections—not gradual trends. Example: ETH fluctuating between $3,400 (support) and $3,600 (resistance) for 24+ hours.

Step 2: Plan Entries and Exits

• Buy Zone: Enter long positions near support (e.g., $3,410) when candles show reversal patterns like hammers or bullish engulfing.
• Sell Zone: Enter short positions near resistance (e.g., $3,590) with bearish signals like shooting stars.
• Take-Profit: Set TP at the opposite boundary (e.g., $3,580 for longs).
• Stop-Loss: Place SL 1-2% beyond the range boundary to avoid false breakouts.

Step 3: Execute Trade on Bitget

1. Select “Spot Trading” or “Futures” (for leverage) on Bitget’s trading interface.
2. Choose ETH/USDT pair and set order type to “Limit Order.”
3. Input entry price, TP, and SL levels identified in Step 2.
4. Confirm trade details and execute.

Step 4: Monitor and Adjust

Check positions hourly. If price approaches range boundaries but shows weakening momentum (e.g., declining volume), close trades early. Never move SL farther from entry—only tighten it to lock profits.

Essential Indicators for 1-Hour ETH Range Trading

• RSI (14-period): Identify overbought (>70) and oversold (<30) conditions at range boundaries.
• Volume: Confirm breakouts/rejections—spikes at support/resistance increase validity.
• Bollinger Bands: Narrow bands indicate strong ranging conditions; price touching bands signals reversals.

3 Common Range Trading Mistakes to Avoid

1. Overtrading: Don’t force trades if the range isn’t clear—wait for confirmation.
2. Ignoring Breakouts: If ETH closes 1-hour candle beyond range with high volume, exit immediately.
3. Poor Risk-Reward Ratios: Always maintain 1:2 minimum (e.g., risk $10 to gain $20).

Frequently Asked Questions (FAQ)

Q: How much capital do I need to start?
A: Begin with at least 0.1 ETH ($300-$400) to manage position sizing effectively.

Q: Can I use leverage for range trading on Bitget?
A: Yes, but limit to 5x leverage max. Higher leverage increases liquidation risk during false breakouts.

Q: What if the range breaks during my trade?
A: Close positions if price sustains beyond SL. Never “hope” it returns—follow your plan.

Q: How many trades should I make daily?
A: 1-3 max. Quality over quantity prevents emotional decisions.

Q: Does this work during ETH news events?
A> Avoid trading 1 hour before/after major announcements (e.g., Fed decisions, Ethereum upgrades)—volatility invalidates ranges.