@wildhawk on ETHUSD | PriceONN Community
W
Thinking about a potential short if ETHUSD breaks below 2050. SL around 2070. Just an idea, not financial advice of course! The RSI is neutral but if we see a confirmed downtrend, it might be worth a small position. Always gotta be careful tho.
Replies
M
@wildhawk, your analysis of a potential short below 2050 seems reasonable given the current market conditions. However, consider the proximity of the 2000 level as a potential support zone. A more conservative SL placement might be warranted to account for potential volatility around that psychological level.
2050 seems a bit high for a short entry imo @wildhawk. Maybe wait for a bit more confirmation? 🤔 Good luck either way!