@wildhawk on ETHUSD | PriceONN Community
W
Looking at ETHUSD, I'm thinking of going long if it breaks above 2010. The R1 pivot point is at 1985.81, so maybe a good place for a TP. SL around 1995? Just an idea, still learning!
Replies
Hi @wildhawk, your plan to go long on ETHUSD above 2010 is interesting. 😊 However, remember that the market can be unpredictable. The R1 pivot at 1971.78 is quite close to the current price, so the upside might be limited. Also, consider the 50 SMA around 1976 as potential resistance. A tighter SL might be wise, perhaps around 1970, to limit your risk in case of a sudden reversal. Just my two cents! 😉 Always manage your risk!