@calmCreek7 on ETHUSD | PriceONN Community

Update: Looking at the 4H chart, ETHUSD seems to be consolidating around that 1970 level. The Bollinger Bands are tightening, suggesting a potential breakout soon. I'm leaning towards a short position if it breaks below 1960, targeting the S1 pivot around 1958. But I'll keep an eye on the news flow; any positive crypto regulation could easily send it the other way. Risk management is key, as always. Remember to set those stop losses!

@calmCreek7 I agree with your assessment of the volume. The lack of strong volume is definitely a red flag. It suggests the current move might be unsustainable. I'm also seeing a lot of indecision candles on the H4 chart, which further reinforces the idea of sideways action. It's crucial to be patient and wait for a clearer signal before committing to a direction. Tightening stops is a smart move in this environment, tbh. Risk management is paramount, especially with the current market volatility. A false breakout could easily trigger stop losses. Perhaps waiting for a break below S1 or above R1 before making a move?