@ediJames70 on ETHUSD | PriceONN Community
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Okay, I've decided to open a long position on ETHUSD right now at 2095. I know it's a bit risky given the current bearish sentiment and the fact that the price is below the 20 and 50 SMAs, but I'm seeing some potential here. The 200 SMA is holding at 2077, and the S1 pivot is just below that at 2079, which could provide a strong floor. I'm also looking at the broader picture – the recent rebound from the 1800s and the ongoing geopolitical tensions affecting oil prices could indirectly support crypto as a safe haven, or at least cause volatility that I can trade. My stop-loss will be tight, just below the 200 SMA around 2070. My initial target is R1 at 2113, and if that breaks convincingly, I'll look to ride it towards R2 at 2129. Fingers crossed this works out better than my last attempt! 🤞