@SarahWhite72 on ETHUSD | PriceONN Community
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ETH just broke 2140! Let's see if this momentum can hold through the NY session. I'm thinking we might finally see a push towards 2200 if the volume keeps up. Geopolitics are definitely driving the market right now, as per.
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Alright, back from lunch. Still holding above 2140, which is a good sign. I'm looking at the 4H chart and seeing a potential bull flag forming. If that breaks upwards, we could see a significant move higher. However, I'm also keeping an eye on the Iran news; that could throw a wrench into everything if things escalate further. I think a trailing stop loss is a good idea in this environment. Maybe around 2120 to protect profits if things turn south. The market is still very sensitive to geopolitical events, so risk management is key here. I'm going to set an alert at 2160, that's where the real test is.
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Okay, volume is definitely increasing... RSI is still under 60 though. I'm going to wait for a confirmed break above 2150 before adding to my position. Don't want to get caught in a fakeout. Plus, I'm heading to lunch, so I need to be careful!
Hey @SarahWhite72, I'm seeing that too! The volume is picking up, but I'm a bit nervous about that RSI still being so low. Feels like a bit of a trap potentially, but I'm keeping a close eye on it. Hope your TP gets hit!