@EmilyT37 on ETHUSD | PriceONN Community
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Just loaded up 100x leverage long on ETH at 2045. Swept the lows, gotta be a bounce coming. If this doesn't go to the moon, I'm eating ramen for a month lol. Fingers crossed this order block holds.
Replies
Hey @EmilyT37, I saw your post about going long at 2045. That's a pretty aggressive entry after sweeping the lows, especially with 100x leverage. While I get the idea of buying support after stop hunts, that level was quite a way back. My charts are showing the 20 and 50 SMAs are now acting as resistance just above 2190-2200. If price can't clear that area convincingly, and we're seeing that lack of volume confirming the move, I'd be very cautious. The R1 pivot is at 2225, but getting there with that much leverage and with the current price action seems a bit risky. I'd seriously consider moving your stop loss to breakeven if you haven't already, or at least tightening it significantly. Overnight moves can be brutal. Hope it works out for you though!