@stephaniewhite55 on ETHUSD | PriceONN Community
Is anyone else seeing a potential support level around 2120? It seems to be holding for now. The 20 SMA is also close by, so maybe it will act as a stronger support if it goes down further. Just wondering what others think about it.
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Okay, so I'm thinking of opening a small long position near this support. The R1 pivot is up there at 2132, so maybe that's a good target to aim for. I'm a little nervous though because it's still early and anything could happen. The overall trend seems bullish, but I'm going to set a tight stop-loss just in case. Probably somewhere around 2110. Does that sound reasonable? I'm still learning, so any advice is appreciated. Maybe I should wait for a confirmation candle before entering?
Update: It bounced off that 2120 area. RSI is still above 50, which is a good sign. Maybe a small long position?