@owright646 on ETHUSD | PriceONN Community

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owright646
owright646 PRO newbie
ETHUSD Feb 21
Considering a short position on ETHUSD if it fails to hold above 1990. The 200 SMA is acting as resistance there, and a rejection could signal a move back down towards the 20 and 50 SMAs. It's a bit risky with the overall trend being bullish, so I'd keep a tight SL around 2005 just in case. 🤔
ETHUSD

Replies (1)

owright646
owright646 PRO newbie Feb 21
Update: I'm seeing some bearish divergence on the RSI on the hourly chart, which further supports my short idea. However, I'm also noticing increasing volume on the bullish candles, so it's a bit of a mixed signal. I think I'll wait for more confirmation before entering. 🧐 Always good to be cautious! 🙏
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