@asantos679 on ETHUSD | PriceONN Community
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Anyone else notice ETH struggling to break past 1970 today? Seems like a key resistance point. I'm curious to hear what other scalpers are thinking – is it worth trying to short around this level, or is the risk too high with the current volatility? What's your take?
Replies
@asantos679, I think shorting at 1970 was risky given the overall uptrend. The 20 and 50 SMAs are both trending upwards, suggesting continued bullish momentum. I'd be more inclined to look for a pullback to the 2000-2010 range to initiate a long position. The volatility is definitely a concern, so small position sizes are key. I'm targeting 2070 initially, with a stop loss around 1985. Always manage your risk.