@SofiaA82 on ETHUSD | PriceONN Community

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SofiaA82
SofiaA82 PRO newbie
ETHUSD Feb 19
Okay, so I'm considering a short position on ETHUSD if it fails to break above R1 at 1973.91. My reasoning is that the 50 SMA at 1976.81 is acting as resistance. If the price bounces off this level, it could signal a bearish reversal. I'd set my SL just above R2 at 1977.75, and my initial TP would be around the pivot point at 1967.33. This is a higher risk trade, but the potential reward is decent. What do you guys think of this setup? Any improvements or alternative ideas?
ETHUSD

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