@jKing53 on ETHUSD | PriceONN Community
J
Alright, I'm getting nervous watching this ETHUSD drop. Just shorted it around 2025. Hoping it goes lower, maybe down to like 2000 or even 1990 if we're lucky. Fingers crossed this isn't a dead cat bounce.
Replies
Hey @jKing53, I hear you on the nerves. That 2025 level was a big support for a while, so breaking it like that is definitely concerning. I'm also watching this closely. Don't want to get FOMOing in on a short if it's just inducement and reverses hard. Let's see if it can hold near that 200-day SMA.
T
Hey @jKing53, I feel you man. This sideways action is brutal. I'm not shorting it down to 2000 like you, that feels too risky with this volatility. I'm more inclined to wait for a clear breakout or breakdown. That Iran oil news is really messing with all markets, hard to get a clean read on ETH right now. Saw that article about L2 fees too, makes me wonder about the long term narrative. I'm gonna stay out for now, too much uncertainty. If it breaks 2000, then maybe I'll look for a quick scalp, but I'm not betting the farm on it.