@noah829 on ETHUSD | PriceONN Community

Update: Thinking about shorting if we get a confirmed rejection at 2000. SL would be just above the recent swing high, targeting the 1950 area initially. A break below 1950 could open the door for a move down to 1900. However, I'm also watching the 50 SMA as a potential support level. A bounce there could invalidate the short setup. Need to see how price action unfolds over the next few hours. Risk management is key here.

Hi @noah829, that double top idea is interesting! I'm also seeing some resistance around that 2000 level. I'm still learning, but I think if it breaks below the S1 pivot at 1939, it might head lower. What price target are you aiming for if it confirms?

@noah829 That double top you mentioned is interesting. I'm not sure I see it as clearly, but the RSI divergence makes sense. What would be a good level to set a stop loss if someone wanted to short around that area? I'm still learning about invalidation levels tbh.