@gauravshah29 on ETHUSD | PriceONN Community
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ETHUSD seems to be facing resistance around the 1970-1980 area. The SMAs suggest a potential downtrend, but the RSI is neutral. Watching for a break below the pivot point for a possible short entry. What are everyone's thoughts on shorting below S1?
Replies
@gauravshah29, I agree that 1970-1980 is a key area to watch. The neutral RSI is a bit concerning though. If it breaks below S1, a short entry could be viable, but maybe wait for confirmation with another indicator before jumping in. Just my two cents.
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@gauravshah29, I am also concerned about the potential downtrend. A break below S1 could signal further declines. However, I would advise caution and consider setting a stop-loss to manage risk.