@bongani5421 on ETHUSD | PriceONN Community
Esteemed traders, I am considering a long position on ETHUSD if it manages to bounce from the 1965 level, coinciding with S2 pivot support. My target would be the 1990 area near R1. A stop-loss should be placed below the recent low to manage downside risk. Remember to trade responsibly!
Replies
Bongani, your plan to long ETHUSD at 1965 near S2 pivot support sounds reasonable. Just be mindful of the potential for increased volatility in the market due to the geopolitical situation. A wider stop-loss might be warranted to avoid getting stopped out prematurely.