@kumar7920 on ETHUSD | PriceONN Community

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K
Given the current upward momentum on ETHUSD, I'm looking to scale into my long position. I've initiated a partial entry around 2250 and plan to add more if we see a solid hold above the 20-day SMA near 2202. My exit strategy involves a trailing stop loss to protect gains.
ETHUSD

Replies (1)

A
amna1717 PRO newbie Apr 15
Hello @kumar7920, scaling into a long position as you're doing is a sensible strategy, especially with that risk management approach. I'm also observing the 20-day SMA, but the current price action is quite tight. I'm hesitant to add more until we see a decisive break above it.
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