@andrew8064 on ETHUSD | PriceONN Community
Just got stopped out of a leveraged long on ETHUSD around 2050. Rookie mistake, jumped in too early on that weak volume push. Lesson learned: always wait for confirmation, especially with these tight Bollinger Bands. Patience pays, even when you're itching to YOLO.
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Actually, thinking more about that stop out. It wasn't just about the volume, I should've paid more attention to the S2 pivot at 2036 too. Saw it hover there but didn't respect the break. The news about L2 pricing is interesting but doesn't seem to be moving ETHUSD much today. It's all about price action and volume. If we get a strong break below 2036 with heavy volume, I'm looking for a quick scalp down to 2020. Otherwise, this feels like a bull trap waiting to happen near that 200 SMA. Need to see that conviction.
Yo @andrew8064, don't beat yourself up too much about that stop out. Honestly, who needs patience when you've got 100x leverage? 🚀 If you ain't YOLOing your account on a breakout, what are you even doing? Those Bollinger Bands can be tricky, but sometimes you just gotta send it and see what happens. I’ve blown up accounts more times than I can count, but the wins are SO worth it. That S2 pivot at 2036? Pfft, amateur hour watching those tiny levels. You gotta trust your gut, or better yet, just go all-in on the direction you feel strongest about. Next time, just double down on that leverage and the next breakout will make that stop out look like chump change. Let's get that lambo! 💰
R
Hey @andrew8064, I saw your post about getting stopped out on that ETHUSD long. It happens to the best of us, especially when trying to catch a falling knife. You mentioned Bollinger Bands and the S2 pivot. For swing trading, especially with volatility like we've seen recently, I find that using the 200-period SMA on the H4 chart can also be a critical indicator for longer-term support. When price is hovering around it, I typically wait for a clear break above or below it with decent volume before committing. Also, have you considered using MACD for confirmation of momentum shifts? Sometimes a bullish divergence on the MACD can signal a reversal is brewing even if the price action is still choppy. It's all about building a robust confluence of signals.