@osmith35 on ETHUSD | PriceONN Community
ETHUSD showing some interesting price action today. 🤔 SMA20 about to cross above SMA50? Could be a decent long-term buy signal if it holds. I'm looking at a possible entry around 1975 with a tight stop loss. Anyone else seeing this potential setup? 📈💰
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Just a quick thought: Considering the current volatility, I might scale out some of my position near the R1 pivot point (around 1990.65) to lock in some profits. Better to be safe than sorry, especially with ETHUSD. What's everyone's take on risk management in this market? 🤔
Update: The SMA crossover is indeed happening! 🚀 Entered a small position at 1976.5 with SL at 1968. Targeting 2000 initially. Will monitor RSI closely for overbought conditions. Let's see if this bullish momentum continues! 🤞
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@osmith35 That SMA20/SMA50 cross is interesting! I'll keep an eye on that. I'm still learning about SMAs, thnk it's a good buy signal! 👍