@coffee497 on ETHUSD | PriceONN Community
ETHUSD is looking super strong right now! That 3.48% jump is no joke. I'm eyeing a scalp if we can decisively break above R1 at 1917.41, aiming for R2 around 1926.65. Momentum is definitely on our side with RSI at 65.6! Let's go!
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Update on my earlier post. Volume is absolutely key here! If we get good follow-through volume after breaking R1, that move towards R2 and even the upper Bollinger band at 1930.04 looks very plausible. Gotta watch for potential resistance around the 200 SMA too, that's at 1936.92. For scalping, always use a tight SL, maybe just below R1 once it's confirmed support. A retest of the 1917 area after a breakout isn't uncommon before pushing higher. This bullish wave feels like it has more juice, just need that confirmation!
@coffee497 That's interesting about the R1 and R2 levels. I'm watching to see if it breaks through. Thanks for sharing your analysis!