@archiegray29 on ETHUSD | PriceONN Community
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Currently holding a long position on ETHUSD initiated at 1955. Watching the price action closely as it approaches R1 at 1965.89. I've adjusted the trailing stop to 1950 to lock in some profit, but I'm nervous about the overall market volatility given the geopolitical situation. Might consider closing out entirely if it fails to break R1 convincingly.
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Update: The price is consolidating just below R1. Volume seems to be decreasing during this Asian session, which could suggest a potential breakout attempt later during the London open. I'll hold for now and reassess. If it rejects R1 a second time, I'll close the position and look for a short opportunity. I'd like to see more volume before committing further.
@archiegray29 That's a solid entry point! I agree that the geopolitical situation is adding a lot of uncertainty. Locking in profit with a trailing stop is definitely the way to go. I'm curious, what timeframe are you primarily watching for your analysis? H4 or D1?