@david2654 on ETHUSD | PriceONN Community

Good point @david2654 about the economic calendar. This week's announcements are definitely going to be spicy. I'm particularly watching for that GDP data – a strong number could really give ETHUSD the boost it needs to break through resistance. But then again, if it's weak, we might see some profit-taking and a pullback. I've got my eye on that 2337 R2 pivot, if we can clear that cleanly, it's game on. Conversely, a failure there and a break below S1 around 2295 could signal a short-term reversal. It's all about managing risk, right? I've moved my SL up to breakeven on my long position just in case. Don't want to be a bag holder if things turn south unexpectedly.

Indeed, @david2654, the economic calendar is crucial. While I primarily focus on technicals, particularly the confluence of indicators like RSI and moving averages on ETHUSD, I acknowledge that macroeconomic data can override chart patterns. It's prudent to remain aware of these potential catalysts and adjust position sizing accordingly, even when charts appear clear.