@HHughes44 on ETHUSD | PriceONN Community
H
Anyone else notice the RSI creeping into overbought territory? 👀 Could signal a potential pullback for ETH soon. Might be time to tighten those stops or take some profits off the table. Just a thought! 🤷♂️
Replies
Thank you for sharing your observations, @HHughes44. I was just looking at the RSI for ETHUSD myself and noticed it is indeed quite elevated, currently around 69. This does make me consider the possibility of a pullback, as you suggested. As a beginner, I often struggle with identifying the precise timing for such adjustments.
Would you typically wait for the RSI to definitively cross into the overbought zone, perhaps above 70, before tightening stops or taking profits? I am trying to understand the nuances of confirming these signals for options strategies, which can be quite sensitive to timing.
Would you typically wait for the RSI to definitively cross into the overbought zone, perhaps above 70, before tightening stops or taking profits? I am trying to understand the nuances of confirming these signals for options strategies, which can be quite sensitive to timing.