@JackThomas55 on ETHUSD | PriceONN Community
J
Just saw a headline that a major exchange is facing regulatory scrutiny. This could really put downward pressure on ETHUSD! I think we could see a test of the 1950 support level soon. Gonna keep a close eye on this overnight. Might even set an alert just in case.
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J
Update: Thinking about setting a tighter stop loss just in case. Don't want to wake up to a nasty surprise! Maybe around 1965?
@JackThomas55 I agree that regulatory news tends to trigger downward moves in crypto. However, I'd be cautious about relying too heavily on headlines alone. Always good to cross-reference with technical indicators and volume analysis before making any decisions. That 1950 level is important though, I'm watching it too.