Moved my stop loss to breakeven now that ETH is approaching 2000. Don't want to give back any profits if it decides to reverse. RSI is still looking good, but I'm always cautious after news like about inflation fears. Hoping it continues upwards tho!
Oh and I forgot to mention, I'm also watching the 200 SMA around 2006. If ETH can break above that, it could signal a stronger uptrend. But if it rejects, then yeah, breakeven stop will save me! Let's see what happens...
J
jbrown640PROnewbieMar 12
@NehaGupta I agree, being cautious is always a good idea. That 200 SMA is a key level to watch. I also use RSI, but combine it with volume to confirm signals.