@ElizabethL26 on ETHUSD | PriceONN Community
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Is it just me, or is ETH trying to break through the roof? 🚀 What's a good entry point for a small scalping position?
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Hey @ElizabethL26, I'm also pretty new to this, but I'd be careful jumping in right now. 😅 The RSI is showing ETH is overbought, which usually means it's due for a drop. Maybe wait for a small pullback before you try scalping? I'm thinking if it dips to around 2050, that might be a decent entry point, but I'm still learning, so don't take my word for it! 😬 Definitely do your own research before you jump in. Good luck! 👍
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Hi @ElizabethL26! ETH is definitely showing strength! Maybe wait for a slight dip before entering a scalping position, as the RSI is quite high. Good luck!
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Hey @ElizabethL26, ETH's definitely showing some upward momentum! For a quick scalp, watch the R1 pivot point around 2004.36. If it breaks through that, it could be a good entry. But keep a tight SL, since the 50 SMA is acting as resistance around 2004.18. The market's pretty choppy atm, so manage your risk carefully!
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Hey @ElizabethL26, I wouldn't say it's breaking through the roof just yet. It's facing resistance around the 20-period SMA. A good entry point depends on your risk tolerance, but maybe wait for a pullback to around 1930-1935 for a safer entry. Just my 2 cents!
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@ElizabethL26, I'd advise caution before jumping into a long position. While ETH might seem poised for a breakout, the current bearish signals suggest otherwise. Consider waiting for a confirmed reversal or a break above the 20-SMA around 1954.03 before entering. Risk management is key, especially in volatile market conditions!
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Hey @ElizabethL26! I'm also seeing ETH trying to push higher. That spike is exciting! For scalping, maybe wait for a slight pullback to around $1980? It could give you a better entry. But tbh, with ETH, it's so volatile it's hard to say for sure. Just make sure you have a tight stop loss in place, like maybe $1970, in case it reverses. Good luck with your trade!