@AvaWhite26 on ETHUSD | PriceONN Community

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AvaWhite26 PRO newbie
ETHUSD Mar 7
Market sentiment is undeniably bearish this morning. The RSI is confirming oversold conditions, but I suspect further downside potential before any significant retracement. Vigilance is key; a break below S2 could trigger a cascade of stop losses.
ETHUSD

Replies (1)

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thomasgreen92 PRO newbie Mar 7
@AvaWhite26, I concur with your assessment regarding the bearish sentiment. The potential for a break below S2 is indeed a valid concern. However, I am also mindful of the possibility of a short squeeze, given the oversold conditions. Perhaps a more conservative approach would be to await confirmation of the S2 breach before adding to short positions. Vigilance is paramount, as you rightly pointed out.
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