@ThunderBolt14 on ETHUSD | PriceONN Community

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T
ThunderBolt14 PRO newbie
ETHUSD Apr 6
Just closed my long position on ETHUSD. Entered around 2085 earlier when the 50 SMA was acting as support. The move up has been steady, and we've seen a nice push through the pivot point today. I took profits at 2120, securing about 35 points. It's now testing resistance near the R1 pivot, and the RSI is approaching overbought territory on the hourly. I'm not looking for a new entry right now, preferring to let the market consolidate or show a clearer retracement before considering another trade. Watching to see if that Ethereum L2 pricing news has any impact later today.
ETHUSD

Replies (1)

J
JamesSurfer PRO newbie Apr 6
Well done @ThunderBolt14. Taking profit at R1 is a solid move, especially with how choppy things have been lately. I also noticed the RSI is hovering around 60 now, which isn't overbought but certainly warrants caution. I'm keeping an eye on the 20 SMA at 2128; if that holds as support on a pullback, I might consider a swing trade.
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