@msibiya366 on ETHUSD | PriceONN Community

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msibiya366
Okay, so I've been watching ETH for a while now, and this drop below 1900 is kinda worrying me. The 200 SMA was holding pretty well, but now it's broken. Thinking this could fall even further. Looking at those pivot points, S1 and S2, maybe those will act as support. But tbh, I'm not feeling too confident right now. Anyone else feeling bearish? Maybe I should hedge my positions or something... I dunno, still learning how to manage risk properly.
ETHUSD

Replies (1)

M
MusicMurali PRO newbie Mar 4
@msibiya366 I agree that the break below the 200 SMA is concerning. It was a key level. However, I wouldn't panic just yet. Looking at the overnight session, volume is low, so this could be a temporary dip. The S1 and S2 pivot points are worth watching, but don't rely solely on them. Always consider hedging your positions, especially in volatile markets. Remember, risk management is key, and don't trade with emotions. Maybe wait for a clearer signal before making any big moves.
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