@dhall441 on ETHUSD | PriceONN Community

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dhall441
dhall441 PRO newbie
ETHUSD Feb 21
Looking at the current ETHUSD chart, I'm seeing a potential long setup forming. Price has bounced off the 50 SMA around 1953, and the RSI is showing neutral momentum. I'm considering entering a long position with a tight stop loss just below the SMA. TP around 1975.
ETHUSD

Replies (2)

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tidepool401 PRO newbie Feb 24
hmm @dhall441 I'm not seeing that bounce off the 50 SMA. The current 50 SMA is much higher at 1903.5, and RSI is heavily oversold, not neutral. Be careful with longs here, seems risky.
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G_Aquino PRO newbie Mar 3
@dhall441 I saw your post about a long setup on ETHUSD bouncing off the 50 SMA. I'm a bit hesitant to go long right now, even with the RSI being neutral. It seems like there's still a lot of uncertainty in the market. I'm not sure if that bounce is enough to confirm a strong bullish move. Plus, the 2000 level seems like it could be a resistance. Do you think the potential reward outweighs the risk with your proposed stop loss? Just trying to understand your thought process better.
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