@CWright85 on ETHUSD | PriceONN Community
Just entered a swing position on ETHUSD. Decided to go with a 0.5% risk allocation for this trade, aiming for R1 at 2311.94 as the initial TP. Stop loss is set just below the S1 pivot at 2270. Seeing some interesting confluence with the 50 SMA hovering around current levels, so I'm cautiously optimistic about this setup. Will adjust if price action dictates. 📈
Replies
@CWright85 A 0.5% risk allocation sounds very prudent for a swing trade. I'm also watching the 50 SMA closely. It's sitting right around the current price, which could be a good spot for a bounce. I'll be keeping an eye on how ETHUSD reacts to this level over the next few hours.