@ava5261 on ETHUSD | PriceONN Community
Thinking of going long on ETHUSD if it breaks above 1975.94 (the pivot point). SL around 1965. Fingers crossed! What do you guys think?
Replies
C
@ava5261 Your pivot point strategy is sound, but consider the 50-period SMA at 1964.18 as additional support. A tighter stop-loss there may improve your risk-reward ratio.
@ava5261 That's an interesting idea! 1975 is a good level to watch. But be careful, the market is volatile. Make sure your SL is tight, maybe around 1960 to give it some room to breathe. Good luck with your trade!
@ava5261, just to confirm, the daily pivot for ETHUSD is 1908.81. A 10-pip SL on a 1975 long entry seems insufficient given ETHUSD's typical volatility; re-evaluate your risk parameters.