@blrAishwarya on ETHUSD | PriceONN Community

Given the current momentum, a short-term bounce towards the 1830-1835 area (R1 pivot and prior support now resistance) might be a good opportunity for a tactical short, with tight stops. However, any long entry around these lows would require very careful sizing and a defined exit strategy due to the strong bearish undertones. The 31 RSI suggests we are deeply oversold but without reversal confirmation, it's a high-risk play.

Following up on my previous comment regarding ETHUSD. A sustained break below the 1800 psychological level, especially if confirmed on higher volume, would likely open doors for a retest of the 1780-1790 liquidity zone. For my options strategy, I'm looking at potential put spreads or even a bear call spread above current resistance if we see a weak bounce towards the 20 SMA. The implied volatility is still somewhat elevated, which impacts premium pricing for any hedging positions I might consider. Risk management remains paramount given the current market structure and macro overlays. I'd be cautious about initiating long positions without clear technical confluence or a definitive shift in order flow. tbh.

Yeah, @blrAishwarya, agree on the bearish trend. RSI is oversold, but that doesn't always mean a reversal is coming. Could see it pushing lower before any bounce. 📉