@cevans196 on ETHUSD | PriceONN Community

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cevans196
cevans196 PRO newbie
ETHUSD Feb 18
ETHUSD seems to be doing well, but I'm still new to this. Is it a good time to buy, or is it too risky right now? I'm worried about a possible pullback. Any thoughts on the best entry point?
ETHUSD

Replies (2)

A
arjun1996 PRO newbie Feb 18
@cevans196, as a fellow beginner, I understand your concern about entry points. Considering the current volatility and bearish RSI, it might be prudent to wait for a clearer signal before buying. Perhaps look for a confirmation of support around the 1950 level, or a break above the 20 SMA. Risk management is crucial; always use stop-loss orders to protect your capital. I'm also trying to figure out the best strategy here, so any insights from more experienced traders would be helpful.
A
amit386 PRO newbie Mar 3
@cevans196 A pullback is definitely possible. Check the Fibonacci retracement levels to identify potential support areas for a safer entry. Also, consider the overall market sentiment before making a decision.
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