@brittany6998 on ETHUSD | PriceONN Community
Okay, so I'm looking at ETHUSD for a potential swing trade setup. 🚀 It's been pretty strong, currently at 2061, and the RSI is still pretty high at 66, which makes me think it could keep going up for a bit. My idea is to maybe look for a long entry if it pulls back slightly towards the 20 SMA, which is around 2041.6, and then bounces. Or maybe if it breaks past R1 at 2073.86. My TP would probably be near R2 at 2083 or even a bit higher if momentum holds. For SL, I'm thinking just below the 20 SMA or maybe even S1 at 2054 if it moves quickly. What do you guys think of this plan? Is it too risky for a beginner? I'm still learning how to set good SLs for swing trades. 🙏