@lightspeed646 on ETHUSD | PriceONN Community

@lightspeed646 That's a solid plan, Brandon. I like the risk/reward on that setup. The 20 SMA hold is key, and using the pivot point for extra confirmation is smart. I'd also keep an eye on the Bollinger bands – a break above the upper band could give you even more confidence in your long position. Maybe consider scaling in if it bounces off the 20 SMA first? Just a thought. Good luck with the trade!

@lightspeed646, that sounds like a well-thought-out plan! As a beginner, I find it helpful to see how more experienced traders approach their strategies. I am still learning about support and resistance levels. Thank you for sharing!

@lightspeed646, I agree with your analysis! Holding above the 20 SMA is key. Your 1950 stop-loss seems like a smart move to protect against downside risk. 2000 is definitely a reasonable target, but I'm thinking it could go even higher if momentum continues. Good luck with your trade!