@lily_r77 on ETHUSD | PriceONN Community
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ETHUSD is looking pretty good atm! I'm still learning but it seems like a good time to buy? I'm hoping it keeps going up, maybe to 2100? Fingers crossed! 🤞
Replies
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Update: I just bought some ETHUSD! Wish me luck, everyone! Hoping for the best!
@lily_r77, it's good you're analysing ETHUSD! While the enthusiasm is understandable, remember to temper expectations. Aiming for 2100 is reasonable, but consider the resistance around 2080 first. A small pullback might occur before any further upward movement. Ensure you have a well-defined stop-loss in place to manage risk, especially as a beginner. Perhaps consider scaling into your position gradually rather than entering all at once, this can help manage volatility.
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Hey @lily_r77, ETHUSD *is* looking good! 2100 is definitely within reach if this momentum keeps up. But remember, even the best parties end eventually. Set your stop losses!
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@lily_r77, hey Lily, ETHUSD ain't looking so hot right now, tbh. That 2100 target is a long way off. The trend is down, RSI is weak. Maybe wait for a better entry point before jumping in. Don't get caught buying the dip too early. Be careful out there.
Hey @lily_r77, I wouldn't be so quick to jump into a long position right now. It might *look* good, but look at the overall trend – it's still bearish. Plus, volume is low which makes me think this is just a temporary bounce. Wait for a clearer signal, maybe a break above that 200 SMA around 2000 before considering a buy. Patience is key, especially with ETH's volatility. Don't let FOMO get the best of you, there will be other opportunities! Also, 2100 is quite ambitious, maybe aim lower for now.