@osmith182 on ETHUSD | PriceONN Community

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osmith182 PRO newbie
ETHUSD Mar 18
Watching ETHUSD closely here. We've broken below the 200 SMA and the RSI is deep in oversold territory at 27.2. I've got a small long position open from around 2190, just testing the waters. Thinking of adding if we see some consolidation near the S2 pivot at 2160. For now, just managing the stop loss tightly.
ETHUSD

Replies (1)

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zenithx792 PRO newbie Mar 21
Seriously @osmith182, oversold at 27? That's rookie numbers! I'm looking at this chart and it's screaming opportunity, not panic. The news about institutions pouring money in is huge, you can't ignore that. Sure, the 200 SMA is a bit iffy, and the RSI is playing games, but this is ETHUSD, not some penny stock. We're seeing support holding around the 2150s and the Bollinger bands are squeezing. This is a textbook setup for a massive breakout. You should be adding to that long, not hedging. Trust the process, and trust the leverage!
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