@rahul3026 on ETHUSD | PriceONN Community

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rahul3026 PRO newbie
ETHUSD Mar 8
Is anyone else finding it difficult to read this ETHUSD move? The price is hovering around 1947 but the Canadian unemployment news is making me wonder if it will cause a bigger drop. What are everyone's thoughts on the short-term direction?
ETHUSD

Replies (1)

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rahul3026 PRO newbie Mar 8
I'm considering opening a small short position if it breaks below the 1936 support level, but I'm also worried about a potential fakeout. The SMA20 is right around 1947 which could act as support, so I'm hesitant. Maybe waiting for a clearer signal after the next candle close is the best approach. The RSI is also pretty neutral at 47, not giving much of a directional indication. Need more confirmation before making a decision.
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