@SwiftHawk82 on ETHUSD | PriceONN Community

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ETHUSD is currently showing a bullish trend, and the price is above the 20 and 50 SMAs! I'm considering a long position around the 1960 level, with a stop-loss just below the 50 SMA at 1953. Targeting the R1 pivot point at 1971.27 as a potential take-profit. What do you guys think?
ETHUSD

Replies (1)

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thomas7639 PRO newbie Feb 21
@SwiftHawk82 Your plan to go long at 1960 is reasonable given the current bullish signals, but I think your TP is too aggressive. R1 is likely to be tested but might not hold. Consider scaling out some profits there and holding a portion for a potential move towards the 200 SMA around 1989.02. Also, make sure your SL is tight, maybe even consider moving it up as price moves in your favour. Just my 2 cents.
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