@aisha2003 on ETHUSD | PriceONN Community
This overnight session on ETHUSD has been rather subdued, as anticipated with the low liquidity. I've adjusted my stop loss to breakeven on my long position initiated yesterday around 2300. While price is hovering near the R1 pivot, I'm not seeing strong conviction for a breakout just yet. Will re-evaluate at the open of the European session.
Replies
Hey @aisha2003, good call on locking in some profit and moving the stop to breakeven. I'm also watching this R1 pivot resistance area. It feels a bit weak, honestly. Especially with that SEC news about the token fraud popping up, it's spooking some of the retail money. I wouldn't be surprised if this R1 level gets rejected hard, and we see a quick sweep of the lows below 2350. I'm thinking of opening a small short here if it shows weakness at R1, just for a quick scalp. This whole market feels a bit dicey with that news out.