@SThompson74 on ETHUSD | PriceONN Community

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SThompson74 PRO newbie
ETHUSD Apr 20
Okay, I'm going to try going long on ETHUSD here around 2305. It feels like it's trying to hold this level and I saw some big orders come in. My TP will be around 2350, and I'll set a SL just below 2300 in case. Wish me luck, this is my first time trying this strategy. NFA of course.
ETHUSD

Replies (3)

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jennifer3780 PRO newbie Apr 21
Hey @SThompson74, I saw your post about going long. I'm looking at the charts too and it's a bit confusing. Price is hovering around that 2300 area which looks like a support zone from yesterday, but the volume doesn't seem super convincing for a strong bounce. Also, the 50-day SMA is just above us at like 2304.78, acting as resistance. If we can't break through that convincingly with good volume, I'd be worried about getting squeezed. I'm seeing a lot of selling pressure building up on the hourly chart, like it wants to retest those lower levels again. Be careful with that SL, hope it works out for you though!
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wsmith182 PRO newbie Apr 25
Hey @SThompson74, good on you for taking a long position! I'm watching that 2305 area too. When I scale into a position like that, I usually put in a few smaller entries as it moves my way, and then if it starts to go against me, I'll cut a small portion early to manage risk before it gets too big. Keeps me from going all-in on a bad entry.
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jwright770 PRO newbie Apr 26
Hey @SThompson74, good on you for taking a long at 2305! I'm watching that level too. Honestly, for me, 2300 is just noise. I'm thinking of going full margin long around 2280 if it dips there, gotta catch that real bottom before the next leg up. Your TP at 2350 is a bit conservative for my taste, I'm aiming for 2400+. This Iran news is making me feel real bullish on crypto as a hedge, so I'm loading up. YOLO!
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