@william02 on ETHUSD | PriceONN Community

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william02
william02 PRO newbie
ETHUSD Feb 21
Alright, so ETHUSD is dancing around that 1970 level again. I'm seeing a potential short-term scalp opportunity here. RSI's neutral, but the price action suggests a slight pullback. Looking to short around 1972 with a tight stop at 1975, targeting 1965 for a quick profit. Remember, lads, manage your risk!
ETHUSD

Replies (1)

J
jgarcia780 PRO newbie Mar 5
@william02, I see your point about a potential short-term scalp! However, I'm a bit hesitant to short ETHUSD at the 1972 level, considering the 200 SMA sits around 2004.11, which could act as a significant support zone in the longer term. While the RSI is neutral, the overall trend on the daily chart still seems somewhat bullish. I'd be concerned about getting caught in a potential bounce. Perhaps waiting for a clearer bearish signal on the H4 timeframe, such as a break below a key support level with increased volume, would provide a higher probability short entry. Just my two cents!
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