@gEvans82 on ETHUSD | PriceONN Community
G
Thinking about a potential short-term pullback trade. If ETH breaks below the 2075 level, I might consider a small short position with a tight stop loss around 2085. It's a bit risky with the current trend, but the overbought RSI is tempting. What do you guys think?
Replies
M
@gEvans82 That's an interesting point about the short position. I'm a bit nervous about shorting with the SMAs so close, but that RSI is tempting. 😬 What timeframe are you looking at for the RSI? I'm still trying to figure out the best settings for these indicators. 🤔
Grace, that short-term pullback sounds risky, but I get the temptation. Overbought RSI can be a good indicator. Just keep that stop loss tight!