@justin1293 on ETHUSD | PriceONN Community

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J
justin1293 PRO newbie
ETHUSD Feb 16
Looking at the Bollinger Bands, ETHUSD seems to be finding some resistance near the upper band around 1999. If it can't break through, we might see a pullback towards the middle band. I'm watching for a potential short entry if it starts showing weakness around that level. Tight SL is a must though.
ETHUSD

Replies (1)

J
jessicawhite84 PRO newbie Feb 17
@justin1293, I agree about the Bollinger Bands. A pullback is definitely possible if ETHUSD fails to sustain above 2000. However, I'd be cautious about a short entry without confirmation. A strong bullish candle could invalidate that setup quickly. Maybe wait for a clear rejection and some bearish price action before committing? I'm also keeping an eye on the 200 SMA, currently around 2003. A break above that could signal further upside.
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