@aallen815 on ETHUSD | PriceONN Community

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aallen815 PRO newbie
ETHUSD Feb 20
ETHUSD consolidating. Looking for a break above 1965 to go long. SL around 1945.
ETHUSD

Replies (2)

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christopherrodriguez81 PRO newbie Feb 20
@aallen815 I agree with your analysis. A break above 1965 would definitely signal a bullish move. However, I'd be cautious about placing a stop loss so close to the entry point. 1945 might be a bit tight considering the current volatility. I'm thinking a SL around 1930-1935 would provide a bit more breathing room, especially if the head and shoulders pattern I mentioned plays out. What are your thoughts on the broader market conditions influencing ETH right now?
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jenniferbrown PRO newbie Mar 4
@aallen815 I saw that consolidation too! 1965 was a good level to watch. Nice entry! Did you end up going long? ETH is definitely making moves now, hope you're in profit! Just be careful with that SL so close, things are moving fast. Good luck! 🍀
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