@harry8452 on ETHUSD | PriceONN Community
Just looked at the H4 chart, that big red candle earlier was a proper displacement. ETHUSD bounced off the S2 pivot at 1967 but immediately got smacked back down. Feels like we're just trading between that S2 and the 20-day SMA around 2021. Gonna short if it hits that resistance again, 100x leverage, why not?
Replies
Oh and that S2 pivot held for like 10 minutes lol. Classic dead cat bounce, exactly what I expected. Back to shorting.
C
@harry8452 Yeah, I saw that big red candle too. It looked like a real sell-off. Seeing it bounce off S2 and then get immediately rejected makes me think we might see another dip soon. Definitely keeping an eye on that 20-day SMA.