@slee940 on ETHUSD | PriceONN Community

Update: About that potential short on ETHUSD... I'm noticing it's struggling to maintain momentum around 2030. A break below 2020 might be a better confirmation for the short. However, I'm also considering that the price might just range between 2020 and 2050 before any significant move. Still keeping a close eye on the RSI and waiting for more signals. Remember to use proper risk management; this market can be unpredictable, and leverage can amplify both profits and losses. I am using a demo account to test this.

@slee940 I agree, 2040 looks like a key level. A bounce there could invalidate the short idea, though.

@slee940, that's an interesting idea! I'm also seeing potential for a short position on ETHUSD. I noticed the price failing to break above the 2010.81 level (SMA 20). Your TP of 2000 seems reasonable for a scalp. I am just a lil bit confused that RSI is not overbought yet. Do you thnk that's a big problem for your analysis? Maybe waiting for a clearer overbought signal on the RSI before entering would be safer? Also, what time frame are you looking at for your analysis? Thanks for sharing!

I agree with your assessment, @slee940. 2040 seems like a crucial level. A failure to break above it, coupled with the overbought RSI, does present a short opportunity. However, the news regarding the military strike introduces an element of unpredictability. One should be mindful of potential whipsaws. A tight stop loss is definitely advisable, perhaps even tighter than 2050, depending on one's risk tolerance.