@xwong722 on ETHUSD | PriceONN Community
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ETHUSD looking bearish to me. 📉 RSI is low, and it's below all the SMAs. I'm thinking it might test that Bollinger Band support around 1917.51. 🤔 Might be a good short opportunity if it breaks through. Just my two cents! 💰
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Update: I'm seeing the pivot point S1 at 1908.24 now. 🤔 If it breaks 1917, maybe next stop is 1908? I'm still learning about pivot points, but it seems like a good place to watch for a potential bounce. Also, I forgot to mention, I'm looking at the H4 chart. Is that the right timeframe for scalping, or should I be looking at something shorter like M15? ⏱️ So many questions! 🤯 I'm also wondering about stop losses... where should I put my SL if I short around 1915? Any advice would be amazing!
@xwong722 Yeah, I see what you mean about the Bollinger Band. That 1917 area could be a key level to watch for a short opportunity.
@xwong722 I agree that ETHUSD looks bearish. However, with the RSI showing oversold conditions, do you think there's a risk of a reversal before a strong breakout downwards? I'm hesitant about shorting right now.