@aanderson450 on ETHUSD | PriceONN Community

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aanderson450 PRO newbie
ETHUSD Feb 16
I'm thinking about trying a small short position on ETH. 🐻 It's been struggling to break above 2000, and the RSI is below 50. My plan is to enter around 1970 with a stop loss at 2010. TP would be around 1900... Does that seem reasonable? 🤔 I'm still learning how to properly analyze the market, so any feedback would be awesome! I'm mainly looking at the H4 chart btw. I'm not trying to get rekt lol 😅
ETHUSD

Replies (1)

ThomasThomas80
ThomasThomas80 PRO newbie Mar 1
That's a reasonable plan @aanderson450, but I'd suggest tightening your stop loss a bit, perhaps to 2005, to reduce risk. Also, consider the potential impact of the recent geopolitical news – it could inject unexpected volatility into the market.
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