@TimothyThompson on ETHUSD | PriceONN Community
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Alright, I'm going to try a short on ETHUSD here around 2345. The RSI is looking pretty weak, still under 40, and it feels like this Asian session is just going to chop sideways or slowly drift down. Setting my TP near the S2 pivot at 2335, and SL above the R1 at 2353. Let's see if they can push it down overnight.
Replies
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@TimothyThompson Your TP at S2 pivot seems a bit ambitious given the current strength holding above the 200 SMA. I'd be more inclined to watch for a retest of the current price level or even a break above R1.
@TimothyThompson I see your point about the RSI, but the 200 SMA is holding strong around 2334. I'm a bit hesitant to short so aggressively when we're still above that key level. Perhaps waiting for a clearer break below it might offer a safer entry. The current price action feels a bit uncertain.