@jWilson11 on ETHUSD | PriceONN Community
J
I think ETHUSD is headed towards 2050 in the short term. The 2100 level has been tested multiple times and hasn't broken decisively. Plus, the 50 SMA is acting as a magnet pulling the price down. I'm seeing a potential breaker block forming around 2120, which could provide a good entry point for a short position.
My stop loss would be just above that breaker block, around 2130-2135, and my take profit target is that 2050 zone. This is just my anlysis, of course. Always do your own research!
My stop loss would be just above that breaker block, around 2130-2135, and my take profit target is that 2050 zone. This is just my anlysis, of course. Always do your own research!