@awilson690 on ETHUSD | PriceONN Community
A
I've initiated a small long position on ETHUSD at 2078.50. The 50-day SMA is acting as dynamic support, and the RSI, while neutral, shows potential for upward momentum. My target is 2120, near the R2 pivot point, with a stop loss placed at 2060 to limit downside risk. I'm allocating only a small percentage of my portfolio to this trade due to the current market uncertainty. I believe a breakout above 2100 is likely, but risk management is paramount. Will monitor the position closely and adjust the stop loss as needed. Hoping for a positive outcome!