@lucy4264 on ETHUSD | PriceONN Community
ETHUSD is showing a strong bullish signal on the H4 chart! The RSI is above 60, and we've broken through the 200 SMA. I'm looking for a potential entry point for a long position, but want to see if it can hold above 1980 first. Exciting!
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Update: I'm now considering waiting for a pullback to around the 20 SMA on the H1 chart, which is currently around 1968, before entering long. This would give a better risk/reward ratio. My initial TP would be around the R2 pivot at 2002, with a SL just below the 50 SMA. Does anyone else see this pullback as a good opportunity, or am I being too cautious? I'm still quite new to this, so any thoughts would be appreciated! I'm so excited to see how this plays out!