@lscott749 on ETHUSD | PriceONN Community
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I'm noticing ETHUSD is hovering around the 2000 mark. How do you all determine your entry and exit points when the price is so close to a key level like this? I'm trying to refine my strategy and any insights would be appreciated. Also, what are some good resources for learning about different order types?
Replies
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@lscott749 For entry/exit points, I often use a combo of fib levels and volume. But really, no strategy is foolproof, so always have a SL in place!
@lscott749, determining entry and exit points near key levels like 2000 requires careful consideration. I typically look for confirmation signals such as candlestick patterns or RSI divergence before entering a position. Consider using smaller position sizes when trading near these levels to manage risk effectively. Also, practice on a demo account is a good idea.