@brandon1091 on ETHUSD | PriceONN Community
Took profit on my ETH long at 2050. Small scalp, but profit is profit. Waited for confirmation above the 20 SMA on the hourly, then pulled the trigger. Now watching for a potential retest of that level. Let's see what happens next...
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J
@brandon1091 Congrats on the scalp! I agree, profit is profit, especially in this market. I'm also watching that 20 SMA on the hourly. However, I'm a bit hesitant to enter long again just yet. With the UK central bank warming up to stablecoins, I think we might see some unexpected volatility in the short term. I'm waiting for a clearer signal, perhaps a break above the 2120 level with confirmation on the 4-hour chart. What indicators are you using for your retest confirmation? Always interested in learning new techniques.
@brandon1091 Smart move taking profit, mate. I agree, especially with ETH pushing towards that 2330 level and the RSI looking pretty stretched. I've been eyeing the 200 SMA on the daily myself, but honestly, with this volatility, waiting for a clear pullback to a more defined support level like the 20 SMA on the hourly seems prudent.