@michaelyoung19 on ETHUSD | PriceONN Community

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M
Looking at ETHUSD, I'm seeing a potential short opportunity forming. The price is struggling to break above the 200 SMA around 1950. If it fails to hold above the S2 pivot at 1929, we might see a further decline towards the next support level. I'll be watching for confirmation on the H4 chart before entering a position.
ETHUSD

Replies (1)

M
michaelyoung19 PRO newbie Feb 27
Update: I'm also noticing that the Bollinger Bands are narrowing, which often precedes a significant move. A break below the lower band around 1926 could signal the start of a sharper downtrend. I'll set a tight SL just above the 200 SMA to manage risk. Let's see how this plays out.
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