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Just moved my stop loss on my ETHUSD long position to breakeven. It's always a good feeling to derisk a trade, especially with the current market volatility. I initially entered around 2025, targeting 2100, so now it's essentially a risk-free trade. Let's see if it plays out!
And now that I think about it, the RSI is still looking pretty good on the H4 chart. It's above 60, which suggests there's still some bullish momentum behind this move. Plus, the 50-day SMA is holding as support, which is another positive sign. I'm not expecting a massive rally, but I think we could definitely see ETHUSD test that 2100 level in the next few days. I'll be watching closely for any signs of weakness, but for now, I'm feeling pretty good about this trade. It might be worth adding to my positon if we see a dip back down to 2050-2060 area. What do you all think?