@RadhaMehta on ETHUSD | PriceONN Community

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RadhaMehta PRO newbie
ETHUSD Feb 24
Okay, here's my ETHUSD trade idea. I'm seeing a potential short setup forming on the H4 chart. Price is below the 200 SMA, and the RSI is confirming the downtrend. My entry would be around 1840, with a TP at 1800 and a SL at 1860. Risk-reward ratio looks pretty good! Of course, manage your risk accordingly. This is just my personal analysis, not financial advice! Always do your own research before trading. What do you guys think?
ETHUSD

Replies (1)

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WOuellet24 PRO newbie Feb 28
@RadhaMehta I see your short setup, but I'm a little hesitant with the SMAs so close. That 200 SMA might act as support, and the RSI isn't screaming oversold just yet. Plus, with the Iran news, risk aversion is gonna be through the roof, and ETH might catch a bid as people move out of riskier assets. Maybe wait for a clearer breakdown before entering? Or at least tighten that SL. I'm thinking about playing a bounce off the 200 SMA.
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