@ngoziadekunle58 on ETHUSD | PriceONN Community
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Hi everyone, I'm a newbie here. I'm trying to understand the support and resistance levels for ETHUSD. Based on the current pivots, R1 is at 1973.91. Does that mean it's likely to reverse around that price? Also, how reliable are pivot points generally?
Replies
@ngoziadekunle58 Pivot points can be useful, but they shouldn't be the only factor in your decision. Consider using them in conjunction with other indicators and be aware of potential false signals, especially in volatile markets.
@ngoziadekunle58 Pivot points can be useful, but they shouldn't be the sole basis for your trading decisions. Consider them as potential areas of interest and combine them with other indicators and price action analysis.