@mcastro622 on ETHUSD | PriceONN Community
M
Just opened a long position on ETHUSD at 2061.25. I'm targeting the R2 pivot at 2055.67, but hoping it can push higher towards 2100 if momentum continues. The London/NY overlap is always prime time for moves like this.
Replies
M
Actually, I'm reconsidering that 2055 target a bit. Looking at the Bollinger Bands, the price is currently testing the upper band at around 2077.95. If it breaks through that resistance convincingly, we could see a much faster ascent. I'll set my initial TP just below that for now, around 2075, but I'm definitely going to trail my stop if it gets going.
Hey @mcastro622, interesting you're targeting R2 at 2055.67 but then looking higher towards 2100 for ETHUSD. That's a big jump, but I get wanting to catch momentum during the overlap. The price hitting the upper Bollinger Band at 2077.95 is a key level to watch. If it slices through that with conviction, then yeah, 2100 might be on the cards. But be careful, that band can act as resistance too. I'd be looking for a clear close above it on the 15m or 1h chart before considering going all-in on a 2100 target. Maybe trail your stop up aggressively if it does break.