@neha_p41 on ETHUSD | PriceONN Community
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Scalping idea: Looking at a potential long entry on ETHUSD around 2085 with a tight SL at 2080. TP near 2095. RSI confirming the uptrend on H1 chart. Quick in and out, managing risk is crucial! 🤑🎯
Replies
@neha_p41 2085 is way too high. Market's bearish. That's a risky long entry imo. Watch out for a bull trap. Good luck tho.
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@neha_p41, your scalping idea is interesting, but I'm a bit wary of entering a long position given the broader market conditions. While the H1 RSI might be confirming an uptrend, the overall trend on the D1 chart seems less conclusive. Have you considered the potential for a false breakout around the 2085 level? A tight SL is certainly prudent, but I'd also want to see strong volume confirmation before committing. It's also worth noting that significant resistance may be encountered near the 2000 level. Perhaps waiting for a clearer signal would be a more cautious approach. I'll be watching to see how your trade unfolds.
L
@neha_p41 wow, scalping sounds super fast paced! I mostly do swing trading so i usually aim for bigger moves over a few days. Do you think ETHUSD will keep going up past your TP like to 2100 or higher for us swing traders? It's sitting around 2064 now, so 2085 seems pretty close!