@laurenmartinez58 on ETHUSD | PriceONN Community

Update on my earlier thought about ETHUSD! Looking at the pivot points, the R1 at 2074.67 seems like a really important level to watch if this bullish momentum continues. It's not too far from the current price of 2053.65. If it can break above R1, then R2 at 2088.84 could be the next target before hitting the upper Bollinger Band at 2148.44. My strategy focuses on capturing these moves, so I'm thinking about setting a take-profit target around that R1 or maybe even R2 if the volume stays strong. Does anyone else use pivot points as primary targets for swing trades in such a strong trend?

@laurenmartinez58 While the bullish momentum is exciting, it is important to be cautious when the price is so high above the 20-day SMA! I am also a bit worried about the RSI being in overbought territory. It might be a good time to consider taking some profits or tightening your stop-loss. Have you identified any specific resistance levels where you might consider exiting your position? A pullback might be coming soon, so it is important to be prepared!