@FreyaChapman on ETHUSD | PriceONN Community
Just dipped my toes in with a small long position on ETHUSD at 1978. Aiming for that R1 pivot at 1949, potentially R2 at 1962 if it gains momentum. SL just below the 20 SMA around 1970 to be safe. Let's see if this news about Iran will give it a boost, fingers crossed!
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Update: Alright, ETHUSD is playing a bit coy. It's hovering around my entry point. I'm not overly concerned yet, the RSI is still holding above 50, suggesting there's still some buying pressure, and the news could give it the boost it needs. However, I'm going to tighten that stop loss to 1975 just in case. I also noticed the 20 SMA seems to be acting as a decent support. I'll give it some time to play out and see if we can break through that R1 resistance. Patience, as they say, is a virtue...especially in trading!