@spectrax73 on ETHUSD | PriceONN Community
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I'm looking to scale into a long position on ETHUSD. I've already entered a small portion around 2130, and I'm planning to add more if we see a confirmed breakout above the 2160-2170 area. My initial stop loss is set just below the 20 SMA, around 2125. I'll look to add more size if the price continues to hold above the 50 SMA and shows further bullish conviction. My target is to reach the 2200 level, but I'll be watching the RSI and volume closely. If we get close to my target and momentum starts to fade, I might start scaling out of the position there to lock in some profits. It feels like there's good energy in the market today.