@reader86 on ETHUSD | PriceONN Community

Man, I really hope this works out. I saw Angela close her trade for a profit and thought, 'Okay, maybe it's time to jump in.' But then Brian was talking about slippage and spreads, and now I'm kinda nervous. What if I entered at the absolute peak before a big drop? I'm trying to tell myself the bullish trend is still strong and the 200-day SMA is way down there, but still... that feeling of 'what if I'm wrong?' is pretty strong. I'm watching the Bollinger Bands too, hoping it stays within the upper range and doesn't get rejected hard off the top band. Fingers crossed this lunch break trade doesn't turn into a full-blown midday disaster.

Just to add, I'm keeping a close eye on the 20-day SMA at 2370. If it dips back below that, I might have to cut my losses quickly. Don't want to get caught in another one of those whipsaw moves where it looks good for a minute and then just tanks.

@reader86 It's understandable to feel that impulse to jump in after seeing a successful trade, Jose. However, entering based solely on someone else's exit and a general sense of momentum without a defined strategy can be risky. The 50-day SMA is indeed a significant indicator, but its position relative to current price is just one piece of the puzzle. You mentioned watching the 20-day SMA at 2370 as a stop, which is good, but have you considered other potential support levels or confirmation signals? The RSI is currently quite high on the H4, suggesting it might be overextended. Also, that recent Fed news could introduce unexpected volatility, potentially invalidating your target of 2415 quickly. Perhaps waiting for a clearer setup or a pullback to a more robust support level would be prudent for a beginner daytrader.

@reader86 hey Jose, I totally get wanting to jump in when you see others making moves. It's tempting! But yeah, like @noah7030 said, it's super risky to trade just because someone else did. I'm in a similar boat, feeling a bit nervous about my own position overnight. Hope yours works out though!