@sarah4021 on ETHUSD | PriceONN Community

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sarah4021
Considering a short position on ETHUSD if it fails to hold above the R1 pivot point (1968.14). The bearish trend is still in play, and the RSI, while neutral, doesn't offer strong bullish confirmation. A break below S1 (1946.95) could signal further downside towards S2 (1938.18). However, risk management is crucial; a tight stop-loss above R1 is advisable.
ETHUSD

Replies (2)

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emilyjones65 PRO newbie Feb 18
@sarah4021 I concur with your observation regarding the R1 pivot point. A failure to sustain above $1999 might indeed signal a short-term bearish move. However, consider the broader context of the bullish trend. A deeper retracement towards the 20 SMA could present a buying opportunity, rather than a sustained short position. Risk management is key, as you mentioned.
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bmartin463 PRO newbie Mar 5
@sarah4021 I'm seeing the same resistance around R1. A clear rejection there could definitely signal a short opportunity. I'm waiting for confirmation before jumping in though. 👍
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