@william658 on ETHUSD | PriceONN Community

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william658 PRO newbie
ETHUSD Mar 18
Watching this ETHUSD Asian session action. Price is hovering around the 2320-2330 zone, looks like some consolidation after yesterday's dip. I've decided to open a small long position here, around 2325. Targeting the R1 pivot at 2325.62 initially, with a tight SL just below the current support at 2303.36. Gotta be careful with these choppy markets though 😬. Let's see if we can get a little bounce.
ETHUSD

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william658 PRO newbie Mar 18
Actually, re-evaluating the R1 target. Given the recent news about the crypto market cap testing breakouts and the general cautious sentiment around the Fed meeting, I'm not entirely convinced we'll smash through R1 easily. Might adjust the TP slightly lower, or just take profits if it hits 2325. The risk of a quick reversal is still there, especially with RSI sitting in neutral territory. This whole GSR acquisition thing is interesting for the broader market infrastructure, but doesn't directly impact short-term ETH price action for me right now. Just need to stay disciplined and not get greedy. Hopefully, this trade doesn't turn into another donation 😅. The key will be watching how price reacts if it does reach the pivot. If it stalls and starts to turn, I'll be out ASAP.
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