@poppystewart on ETHUSD | PriceONN Community

@poppystewart, while a retracement to 2050 might seem appealing, consider the broader context. The 200 SMA (1954.75) is acting as significant resistance. A long position at 2050 would be counter-trend, increasing risk substantially. A more prudent approach might involve waiting for a confirmed break above key moving averages before initiating a long position. Alternatively, consider shorting rallies towards the 200 SMA, targeting previous lows as potential profit targets. Risk management is paramount in such a volatile environment. Also, ensure your stop loss accounts for potential volatility spikes.