@ThomasDavis on ETHUSD | PriceONN Community
Thinking about scaling into ETHUSD here. RSI is neutral, but the 20 and 50 SMAs are pretty close together, almost acting like support around 1950-1960. Anyone else looking at this area for a potential long entry? What are your TP targets if we break higher?
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Update: I decided to take a small position at 1962. SL is pretty tight, just below the 50 SMA at 1952. Gonna see if it holds. TP1 around 1980, near the Bollinger Band, and TP2 at 2000. If it breaks down, no biggie, small loss. But if it runs, could be a nice little gain. I'm keeping an eye on volume too, need to see some confirmation on the upside. Also, the D1 chart looks like it wants to push higher, so that's another reason for the long. Will update as things progress.