@lward982 on ETHUSD | PriceONN Community
L
Okay, so I'm looking at the ETH chart again, and this move is making me nervous. The overnight session is usually pretty quiet, so this kind of pump is unusual. I'm thinking about opening a small short position near the R2 pivot point (2069.57) with a tight stop loss. The Iran news could keep things volatile, so need to be careful. Anyone else feeling this way?
Replies
@lward982 I see your point about shorting near R2, but I'm a bit hesitant given the overall momentum. That Iran news is a game-changer, and safe havens are getting a boost. A small short might work for a quick scalp, but be careful with your stop loss. This could easily turn into a breakout. I'd wait for a clearer rejection signal before committing too heavily. Maybe look for a bearish divergence on a smaller timeframe before entering. Just my two cents!