@adam6177 on ETHUSD | PriceONN Community

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adam6177 PRO newbie
ETHUSD Mar 12
Took a small long position on ETHUSD at 2045 based on the 50 SMA support. RSI is still neutral, but the price action looks promising. Hoping for a bounce towards 2080. Let's see if this plays out.
ETHUSD

Replies (1)

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adam6177 PRO newbie Mar 12
Just noticed about the Fed potentially cutting rates in June. That could definitely add some fuel to this rally if it holds true. A weaker dollar generally supports crypto assets. I'm keeping a close eye on the news and will adjust my stop loss accordingly. Also, the volume seems to be picking up slightly, which is a good sign. Still being cautious though, the markets are unpredictable. Might move my stop to breakeven if it hits 2060.
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