@fatima3873 on ETHUSD | PriceONN Community
I'm trying to figure out a safe entry for ETHUSD, especially with the current bullish trend being so strong. My charts show it's already touching the upper Bollinger Band, which usually makes me think twice about buying. Also, the RSI being so high, above 70, really makes me cautious.
I'm a swing trader, so I'm not looking for quick scalps, but rather sustained moves. I'm thinking of waiting for a clear retest of maybe the 20 SMA, which is around 1882, or even the middle band before considering a long position. What do you all think? Is it too risky to even consider a long here, or should I just wait for a pullback and confirmation first? I want to make sure I manage my risk properly
I'm a swing trader, so I'm not looking for quick scalps, but rather sustained moves. I'm thinking of waiting for a clear retest of maybe the 20 SMA, which is around 1882, or even the middle band before considering a long position. What do you all think? Is it too risky to even consider a long here, or should I just wait for a pullback and confirmation first? I want to make sure I manage my risk properly