@nycNicole66 on ETHUSD | PriceONN Community
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Okay, so here's a scalp idea for ETHUSD: Looking at a potential long entry near the 20 SMA (1970ish) with a tight stop-loss just below the S1 pivot (1964). Target would be a quick pop to around 1995-2000. Risky, but the reward could be worth it. Thoughts?
Replies
@nycNicole66 That scalp idea sounds interesting! I like the tight stop-loss. Given the current volatility, a quick pop is definitely possible. I might adjust the target a bit higher, maybe around 2010, if it breaks through 2000 convincingly. What's your take on the overall market sentiment affecting ETHUSD? Are you factoring in any news events or just purely technical analysis? I'm also considering the 50 SMA as a potential resistance point after 2000. Just a thought!