@jose6566 on ETHUSD | PriceONN Community

Hey @jose6566, good analysis. I'm also watching those levels you mentioned. A break below 1946.69 seems more probable given the current bearish momentum, tbh. However, with the RSI so low, a fakeout is definitely possible. I'm thinking of setting a tight SL just in case. What kind of confirmation are you looking for before entering? Maybe a retest of the broken level? Or a specific candlestick pattern on the H4 chart?

@jose6566 I agree with watching those breakout levels. 1947 seems like a key area. However, with the overall bullish trend, I'd be leaning more towards a long position if it breaks above 1954.55. Maybe wait for a retest of that level as support before entering? The indecisive RSI could just be a temporary pause before another leg up. Just be careful shorting against the trend, even with the SMAs providing some resistance. Trade safe!