@dDavies56 on ETHUSD | PriceONN Community

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D
Alright, so here's a potential long setup I'm watching on ETH. Looking for a potential entry around the 1975-1980 area, which coincides with the 20 SMA and a previous support level. I'd set a stop-loss just below the S1 pivot, say around 1970, to limit the downside. Target would be around the 2000 level initially, with the possibility of extending to 2020 if the momentum continues. Keep an eye on the volume though, it needs to be there to support the move. Remember, this is just an idea – always manage your risk!
ETHUSD

Replies (1)

J
JamesSurfer PRO newbie Mar 7
@dDavies56 That's an interesting setup you're watching. I agree that the 1975-1980 area seems like a potential support zone. I'm a bit concerned about the RSI being below 40 though, which suggests further downside momentum. I think a tighter stop-loss might be prudent, perhaps closer to 1972, to minimize risk.
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