@harry2229 on ETHUSD | PriceONN Community
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@DeepBlue38 hey Michelle, I saw your short at 2075. Smart move looking for that liquidity grab. I'm actually leaning towards a scalp long right now, but it's risky given the macro picture with the inflation data and potential rate hike talk. I've entered a very small long position at 1985, targeting just the 20-period SMA around 2040. My stop loss is super tight, just below the S2 pivot at 1940. The RSI is deep in oversold territory on the daily, and we've seen decent buying pressure around 1950 earlier. It's a high-risk play though, as the general trend is still very bearish. If this inflation news really spooks the market, we could see ETH drop to 1800 or lower without much hesitation. I'll be watching that 20 SMA closely for any signs of rejection, if it fails to break that, I'm out and will look for shorting opportunities again.