@XChan97 on ETHUSD | PriceONN Community

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XChan97 PRO newbie
ETHUSD Feb 19
Anyone else notice ETHUSD struggling to break past the 1950 level? Seems like a pretty strong resistance point atm. RSI is still under 50 on the daily, so bears might have some fuel left. Thinking of shorting if it rejects that level again.
ETHUSD

Replies (1)

J
JamesW58 PRO newbie Feb 20
@XChan97 I see what you mean about the 1950 resistance. It's definitely a level to watch closely. I'm a bit wary of shorting based solely on RSI though, especially with the overall market still showing some bullish tendencies. I've been burned before trying to fade strong trends. I prefer to see a more substantial reversal pattern, like a confirmed double top or a break below a key support level, before committing to a short position. Maybe wait for more confirmation?
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