Looking at ETHUSD, I'm considering a short position if it breaks below the 1970 level. The RSI is neutral, but a confirmed breakdown could signal further downside. Targeting 1965 as a first TP, with a tight SL above 1975. What are your thoughts on this?
Update: Still watching ETHUSD closely. The price is currently consolidating around 1973. If it fails to break above the 20 SMA (currently at 1975), I'll be even more confident in my short idea. A strong bearish candle on the H1 chart would be the confirmation I need. I'm going to wait for that signal before entering the position. Risk management is key, especially with high leverage. I'm thinking of adjusting my SL to 1976 just to be safe, and maybe move TP down to 1963 if momentum looks good. Any thoughts on this adjustment?
