@hirakhan on ETHUSD | PriceONN Community
Initiating a position based on divergence between price action and RSI on the H4 chart. ETHUSD showing lower lows, while RSI indicates higher lows. Expecting a potential bullish reversal in the short term. Initial target near the 20 SMA, with a tight stop-loss below the recent swing low!
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Update: Just noticed a potential bearish pennant forming on the 1-hour chart. This could invalidate my bullish divergence idea if it breaks downwards. Risk management is key here! Will adjust stop-loss accordingly if the pennant confirms. Always be prepared to adapt your strategy!