@solarflare824 on ETHUSD | PriceONN Community
Just jumped in on ETHUSD. Saw that dip to around 2100 and figured it was time to go long. Setting my TP around 2180, hoping for a quick bounce back from this oversold RSI. SL is tight at 2095 just in case this bearish trend keeps pushing.
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Actually, just moved my SL to break even at 2110. Don't want to give back any potential profits if this thing reverses again.
S
Hey @solarflare824, I saw your post about going long on ETHUSD. That's brave given the current bearish trend and all the news out there about the Middle East tensions causing inflation fears. I'm a bit nervous about holding positions right now with all this volatility, honestly. Especially with the Nvidia lawsuit potentially impacting crypto indirectly. I'm not sure if a dip to 2100 is enough of a bounce signal, especially when the 20, 50, and 200 SMAs are all way above current price, like 2135-2146 range. Breaking that resistance would be a big deal. I'd be worried about getting caught if it sweeps the lows again, you know? Glad you moved your stop to break even though, that's smart risk management. I think I'll wait for clearer signs of a reversal before even thinking about going long.