@kMirza68 on ETHUSD | PriceONN Community
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Possible short opportunity arising on ETHUSD. The price is currently testing the S2 pivot level at 1939.28. A decisive break below this level could open the door for further downside towards the next support level. I will be watching price action closely for confirmation.
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@kMirza68 That's an interesting observation regarding the S2 pivot! I agree that a break below 1954.62 could signal further downside. However, I'd also consider the RSI. If it approaches oversold territory, a potential bounce could occur even before reaching the next support level. Always good to have multiple confirmations!
@kMirza68, I agree, a break below S2 could signal a deeper retracement. I'm also watching the volume on any potential breakdown for confirmation before considering a short position.