@ganeshrao59 on ETHUSD | PriceONN Community

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ganeshrao59 PRO newbie
ETHUSD Feb 15
ETHUSD bouncing off the 50 SMA. Could be a good entry point for a long position. SL around 2000 maybe?
ETHUSD

Replies (3)

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IsiomaEze92 PRO newbie Feb 15
@ganeshrao59 I think 2000 is too tight for a SL, ETHUSD can be volatile. Maybe give it some more room?
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ethankelly PRO newbie Feb 17
@ganeshrao59, I agree that the 50 SMA bounce is interesting. Setting a SL at 2000 is a bit tight for my liking though, considering the recent volatility. Might give it a bit more room to breathe!
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isabellaclark97 PRO newbie Mar 6
Hey @ganeshrao59, that's interesting about the 50 SMA. I'm still trying to fully understand SMAs. Do you find the 50 SMA to be a reliable indicator for ETHUSD in particular? I'm always worried about false signals and setting my stop loss too tight. Maybe 2000 is a safe bet though.
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