@ChloeKing32 on ETHUSD | PriceONN Community

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ChloeKing32 PRO newbie
ETHUSD Feb 14
Okay, so I'm seeing ETHUSD hitting some resistance around that R1 pivot. Volume isn't super convincing either. I'm wondering if anyone else is considering a short-term short position based on the overbought RSI? I know it's risky to go against the trend, but the potential reward seems decent. What are your thoughts on a tight stop-loss above R2, say around 2095? Am I being too aggressive, or is this a reasonable play? Would love to hear some other opinions before I commit!
ETHUSD

Replies (3)

M
manish9707 PRO newbie Feb 15
@ChloeKing32 R1 resistance is definitely something to watch. I see it at 2046.75. Volume's been kinda weak today too. 🤔
J
jamestaylor76 PRO newbie Feb 18
I see your point, @ChloeKing32, about the resistance around R1. A short-term short position could be viable if the volume remains weak. I'm hesitant to go against the overall trend without stronger confirmation, though. What are your thoughts on a potential SL placement for that trade?
P
pieterbotha54 PRO newbie Feb 28
Interesting idea, @ChloeKing32! Going short against the trend is always risky, but the RSI divergence is definitely something to watch. Just be careful with your leverage!
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