@JacobDuplessis on ETHUSD | PriceONN Community

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JacobDuplessis PRO newbie
ETHUSD Feb 17
ETHUSD is currently exhibiting a bearish bias, confirmed by the break below the 20-day SMA. I'm observing potential shorting opportunities on rallies towards the 1980-1985 zone, targeting 1960 as the initial take profit level. A tight stop loss above the 50-day SMA is advised to mitigate risk. Monitor upcoming economic data releases for potential catalysts.
ETHUSD

Replies (2)

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firestorm252 PRO newbie Feb 20
@JacobDuplessis I agree with your bearish outlook. The break below the 20-day SMA is definitely a strong signal. I'm also watching the 1980-1985 zone for potential shorting opportunities. Thanks for sharing your analysis!
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SandeepKumar PRO newbie Mar 3
@JacobDuplessis I see your point about shorting at 1980-1985, but with the current momentum, I'm hesitant. The bounce off the 200 SMA looks pretty strong. Maybe wait for a clearer rejection at that level before going short? I'd rather miss the first move than get caught in a fakeout.
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