@charlie5574 on ETHUSD | PriceONN Community

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charlie5574 PRO newbie
ETHUSD Mar 7
I've initiated a short position on ETHUSD at 1985, anticipating a further decline towards the S1 pivot level. Currently monitoring the price action closely. The RSI is hovering around 43, suggesting there's room for downward movement before it becomes oversold. I've set a tight stop loss at 1992 to mitigate potential losses.
ETHUSD

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charlie5574 PRO newbie Mar 7
Update: ETHUSD is currently consolidating around the 1980 mark. I'm considering adjusting my stop loss to breakeven at 1985 to secure my initial capital. The Bollinger Bands indicate a period of low volatility, which could precede a significant breakout. Still expecting a move towards the S1 pivot at 1975.
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