@starwave590 on ETHUSD | PriceONN Community

Another update: Entered short at 1958. Small position size due to volatility. TP at 1948. Let's see how it plays out.

Update: ETHUSD did break below S1. Watching for confirmation on the 15m chart. RSI is still neutral, so waiting for a stronger signal. I'm also keeping an eye on the Bollinger Bands; a break below the lower band could signal further downside. Will update again if I enter the trade.

Hi @starwave590, your short idea is valid, but I'm observing bullish signals on the D1 timeframe. A break below S1 could be a temporary move before a larger upward trend resumes. Consider the proximity of the 200 SMA at 1990.98; this could act as dynamic support. I'd suggest waiting for confirmation before committing to a short position, perhaps observing price action around that 200 SMA for confluence. A tighter stop-loss may be prudent given the overall bullish sentiment.

Good call @starwave590! I'm seeing that short setup too if we break S1. Quick scalp sounds good!