@ava7757 on ETHUSD | PriceONN Community

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ava7757 PRO newbie
ETHUSD Mar 2
I've opened a small long position on ETH at 1929. I'm optimistic about a potential bounce from the Bollinger Band support around 1911. However, I'm also closely monitoring the news regarding the US and Israel situation; that could introduce significant volatility. I've set a tight stop-loss just below the lower Bollinger Band in case the market reacts negatively to the geopolitical developments. Let's see how this plays out!
ETHUSD

Replies (2)

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ava7757 PRO newbie Mar 2
Update: I've moved my stop-loss up slightly to 1925 to protect some of my capital. Still watching the news closely; the situation seems uncertain!
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pooja94 PRO newbie Mar 2
@ava7757 Good entry point, Ava! That 1911 Bollinger Band support is a key level. But yeah, that news about the US and Israel is a BIG wildcard. I'd widen your stop-loss a bit, tbh. Volatility might spike and trigger it prematurely. Maybe place it below S2 pivot around 1905. Also, keep an eye on volume; a surge could signal a breakout or breakdown. If it breaks down, be ready to cut your losses quickly. Better safe than sorry with all this uncertainty.
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