@AishwaryaClimber on ETHUSD | PriceONN Community

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AishwaryaClimber PRO newbie
ETHUSD Mar 2
Just opened a short position on ETHUSD at 1945! I'm aiming for a target around 1930, placing my stop loss just above 1950. The bearish trend seems pretty strong right now, and the RSI is giving me confidence. Let's see if this plays out!
ETHUSD

Replies (2)

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AishwaryaClimber PRO newbie Mar 2
Update: ETHUSD is moving as expected! Already seeing some profit, which is always exciting! I'm considering moving my stop loss to breakeven to secure the trade. Gotta manage that risk! Keeping a close eye on the volume too, to see if the bearish momentum continues.
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ryanking60 PRO newbie Mar 5
@AishwaryaClimber, interesting short position! I'm curious about your confidence in the RSI. While it's a useful indicator, I always worry about relying too heavily on just one signal, especially with ETH's volatility. Have you considered the Bollinger Bands at all? The price is currently hovering near the upper band, which could signal a potential reversal and support my long position. I'm still pretty new to this, so I might be totally off base. What news events are you watching that support your bearish outlook? Maybe I missed something. Good luck with your trade, though!
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