@twilliams108 on ETHUSD | PriceONN Community

Another drop! It broke through S2. Short position initiated at 1968.50. Let's see where this goes!

Update: It's now testing the S2 pivot at 1969.04. The RSI is confirming the downward momentum, approaching oversold territory. I'm considering opening a short position if it breaks decisively below this level. My initial target would be around 1960, with a stop loss just above 1975 to manage risk. This aligns with the bearish trend and could offer a good risk-reward ratio. Of course, we need to be mindful of potential pullbacks and volatility.