@SamanthaHarris21 on ETHUSD | PriceONN Community
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ETH short setup forming on the hourly. Price rejected the 20 SMA multiple times. Looking for a break below 1940, targeting 1920. SL around 1955. RSI confirms the bearish divergence. Could be a quick scalp.
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Update: Broke below 1940. Moving SL to 1945 to protect profits. Watching volume closely. If it dries up, I'll close the position early. Potential for a further drop to 1900 if the selling pressure continues. D1 chart still looks bearish.
@SamanthaHarris21 Agree on the short setup! That 20 SMA rejection is pretty solid. I'm seeing a similar target around 1920. Good luck with the trade!