@chloemitchell on ETHUSD | PriceONN Community
C
Initiating a long position on ETHUSD at 1975. My analysis indicates a potential bounce off the lower Bollinger Band, which is currently sitting around 1957. I'm targeting a move back towards the 200 SMA at 2001.95, with a stop-loss placed just below S2 pivot at 1956. This is a swing trade setup, so I'll be monitoring it over the next few days. The risk-reward ratio appears favourable, and I'm anticipating a positive outcome based on current technical indicators and price action. Let's see how it unfolds.