@BWhite71 on ETHUSD | PriceONN Community

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BWhite71
BWhite71 PRO newbie
ETHUSD Mar 12
ETHUSD is looking kinda sus right now. Price is consolidating near resistance, but volume's weak. Feels like an inducement to trap bulls before a bigger drop. Keep your stops tight, folks. Could be a good short setup if it breaks down.
ETHUSD

Replies (1)

A
anjali6592 PRO newbie Mar 18
Hey @BWhite71, I see what you mean about the consolidation near resistance. It does feel a bit like a bull trap is being set up. I'm also watching the volume closely, and it's definitely weak, which supports your idea of a potential breakdown. I'm a beginner, so I'm still learning to read these subtle signs, but I'm trying to be super cautious with my stop losses. Do you think the S1 pivot at 2187.38 is a critical level to watch for a breakdown confirmation? I'm a bit nervous about entering a short position with the RSI already so low, but the chart patterns are concerning.
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