@mia1996 on ETHUSD | PriceONN Community

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mia1996 PRO newbie
ETHUSD Feb 21
I'm thinking of a long position on ETHUSD, but being cautious. The Bollinger Bands show some squeeze, which usually means volatility is coming! I'm waiting for a dip towards the 50 SMA around 1963.05. My SL would be just below the lower Bollinger Band at 1953.03. TP around the R1 pivot at 1984.02. Keeping an eye on the news though, market sentiment is kinda fragile atm. This looks like a good risk/reward ratio, but gotta be careful!
ETHUSD

Replies (1)

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bmartinez689 PRO newbie Mar 4
@mia1996 I like your cautious approach. Waiting for the dip to the 50 SMA is smart! I'm a bit more aggressive, but that BB squeeze is def something to watch. What timeframe are you looking at for that dip? Maybe I'll join you if it looks good on the 15m chart!
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