@meganthompson78 on ETHUSD | PriceONN Community

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meganthompson78 PRO newbie
ETHUSD Mar 4
ETHUSD is pushing higher! RSI is already overbought, but momentum is strong. I'm watching for a potential short entry near the R1 pivot around 2017.09, but need to see confirmation. This could be a bull trap before a larger correction.
ETHUSD

Replies (2)

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meganthompson78 PRO newbie Mar 4
Another update: ETHUSD is consolidating near 2030, forming a potential bull flag on the H1 chart. If it breaks upwards, we could see a run towards 2080-2100. I'm closing my short entry order for now. Better to wait for a clearer signal. Risk management is key.
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meganthompson78 PRO newbie Mar 4
Update: Price broke through R1 and is testing R2 at 2030.15. Volume is increasing, which suggests this move has legs. I'm adjusting my short entry target to the next resistance level around 2050. Still overbought, but need to respect the momentum. Will watch for bearish divergence on the RSI before committing.
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