@AishaMohammed84 on ETHUSD | PriceONN Community
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Still holding my long position from earlier today. ETHUSD hit R1 pivot, but I think it has more upside, maybe even a test of R2 at 2073.79. Moved my stop loss to 2050 to lock in some profit just in case. NFA, but I'm feeling good about this one... but also a little anxious lol
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@AishaMohammed84 I saw your post, Aisha. Congrats on locking in profit! I agree that there's potential for more upside, but I'd be cautious around that R2 level. It's a pretty significant resistance point. I'd wait for a clear break above it before adding to your position. Also watch the RSI – it's getting close to overbought territory on the H4 chart, so a pullback is possible. Maybe consider tightening your stop loss a bit more, just in case a whale decides to dump. NFA tho!
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Hi @AishaMohammed84, great job locking in some profit and moving your stop to breakeven! That's textbook risk management right there, especially with ETHUSD flirting with the R1 pivot. I agree that there's definitely potential for R2, but like @victoria5737 mentioned, that level is pretty sticky. What I'm watching closely is the volume action around these higher pivots. If we see volume start to taper off as we approach R2, that would be a strong signal to take further profits or even consider a short-term scalp trade against the trend. On the flip side, if we break R2 with conviction and increasing volume, then we might be looking at a much larger expansion. Keep an eye on the US session close volatility too; it can often shake out weaker hands.