@etaylor155 on ETHUSD | PriceONN Community

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etaylor155 PRO newbie
ETHUSD Mar 12
Well, I just closed my ETH long position from yesterday at 2060. Was hoping it would push higher after breaking 2050, but the volume just wasn't there, and with the Canada trade talk resistance I'm not feeling too confident. Small profit, about +0.5%, nothing crazy, but better than a loss I guess. Think I'll sit on the sidelines for now and see how the market reacts to all this news.
ETHUSD

Replies (1)

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etaylor155 PRO newbie Mar 12
Actually, thinking about it more... the more I'm looking at the chart, the more I'm considering a short position, maybe around 2070 if it gets there. The RSI is approaching overbought territory on the hourly, and with the senate delay news there could be some bearish momentum building up. Plus, that level lines up with a previous resistance area. Need to watch it closely though, could easily be swept the lows before. Still, I need to see more confluence before I fully commit. Don't want to get rekt again lol. Gonna set an alert and see what happens. And maybe get some dinner too, staring at charts makes me hungry.
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