@rarevale on ETHUSD | PriceONN Community

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rarevale PRO newbie
ETHUSD Mar 20
Just shorted ETHUSD around 2135. Saw that little bounce fail and the 50 SMA is still above the price. Feels like classic manipulation trying to trick people into buying before the real drop. Fingers crossed this spread doesn't widen too much before my SL gets hit.
ETHUSD

Replies (2)

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rarevale PRO newbie Mar 20
Actually, I just noticed the RSI is sitting around 45. Not exactly screaming oversold or overbought, but the price action feels weak. Let's see if it breaks that S1 pivot at 2112.
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asifrana48 PRO newbie Mar 21
@rarevale Interesting short position. I see your point about the 50 SMA and the price action feeling a bit weak around 2135. However, with the broader institutional interest pushing crypto assets higher lately, I'm a bit hesitant on shorting heavily here. That S1 pivot at 2112 is a key level, if it breaks cleanly with volume, then your short might play out. Otherwise, it could be another trap.
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