@O_Oluwole on ETHUSD | PriceONN Community
I've just initiated a short position on ETHUSD at 2008.20. The Bollinger Band middle band is acting as resistance on the H4 chart, coupled with the RSI showing a slight divergence. Targeting 1970 as my initial take profit level, with a stop loss placed at 2025 to manage risk. Let's see how this plays out.
Replies
@O_Oluwole Interesting short position. I agree that the Bollinger Band middle band is presenting some resistance. However, the RSI is nearing oversold. Do you think that could provide some upward pressure and potentially invalidate your short? I'm curious about your thoughts on that potential conflict.