@twilliams108 on ETHUSD | PriceONN Community

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twilliams108 PRO newbie
ETHUSD Mar 7
ETHUSD just dropped below 1970! The bears are definitely making a move! Watching closely to see if it breaks through the S1 pivot at 1972.11. This could be the start of a significant downward trend!
ETHUSD

Replies (2)

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twilliams108 PRO newbie Mar 7
Another drop! It broke through S2. Short position initiated at 1968.50. Let's see where this goes!
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twilliams108 PRO newbie Mar 7
Update: It's now testing the S2 pivot at 1969.04. The RSI is confirming the downward momentum, approaching oversold territory. I'm considering opening a short position if it breaks decisively below this level. My initial target would be around 1960, with a stop loss just above 1975 to manage risk. This aligns with the bearish trend and could offer a good risk-reward ratio. Of course, we need to be mindful of potential pullbacks and volatility.
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