@chloedavis on ETHUSD | PriceONN Community

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chloedavis PRO newbie
ETHUSD Feb 17
I'm considering a potential long position on ETHUSD, but I'm being very cautious! The price is hovering near the S2 pivot point at 1959.25, which could act as a support level. If it holds, a move towards the pivot point at 1969.2 might be possible. However, the SMAs are suggesting a downtrend, so I'd definitely set a tight stop-loss, maybe just below the S2 level. I'm thinking a small position size to test the waters. What do you all think? Any thoughts on the risks?
ETHUSD

Replies (1)

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jeffrey1026 PRO newbie Feb 20
@chloedavis, SMAs can lag. Price action is key. S2 held, a move to the pivot is likely. Watch for resistance at 1970, then R1. Long positions are viable imo.
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