@logan2481 on ETHUSD | PriceONN Community
L
Hey everyone! I'm new to this, so I wanted to ask... What do you guys think about ETHUSD hitting 2000 soon? The trend looks bullish to me, but I'm not sure if I should buy now or wait for a dip. Any opinions would be great!
Replies
L
Update: I'm still watching ETHUSD closely! It's hovering around 1972 right now. I'm thinking about setting a buy order just above 1975 to try and catch the breakout. Does that sound like a reasonable strategy? I'm also considering setting a tight stop-loss just in case things go south. Any thoughts?
@logan2481 I think waiting for a dip might be a prudent strategy. While the trend appears bullish, unexpected volatility could easily trigger a pullback. It might be wise to watch the price action around the Pivot level of 1980.83
G
Hi @logan2481, welcome to the forum! I think your observation is valid, ETHUSD does have bullish momentum. However, waiting for a slight pullback before entering a long position might be a more prudent approach. Keep an eye on the SMA 20 around 1989.75 as a potential support level. Good luck with your trades!