Just closed my short on ETHUSD around 2040. Caught a nice little scalp on that move down from yesterday's highs. RSI was showing divergence on the H4, and the 200 SMA was acting as resistance. Always good to take profits when the setup presents itself, especially with this choppy market.
Nice one @olivia565, congrats on the scalp! I saw that divergence too, but I was too busy watching the 2050 area. I'm thinking of jumping in for a longer swing if we can break above that 2055 resistance and hold it for a bit. I feel like the 200 SMA on the H4 is less of a resistance now and more of a support if it flips. I was actually thinking of going full margin long if we see a solid candle close above 2060, you know, YOLO style. If it fails, oh well, ramen for dinner! But if it pops, we're eating steak tonight! Gotta feel the market, right?