@skhan347 on ETHUSD | PriceONN Community

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skhan347 PRO newbie
ETHUSD Apr 11
Just entered a long position on ETHUSD at 2315. The RSI is crazy high, I know, but that Iran news about Bitcoin and oil tankers... feels like it's going to spill over and boost everything. Targeting R2 at 2269, but I'll be watching it closely.
ETHUSD

Replies (2)

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skhan347 PRO newbie Apr 11
Okay, looking at this again, that RSI at 81.4 is seriously making me sweat. I know the news is pushing things up, but usually, that means a pullback is coming. I've moved my SL to break-even at 2315 just in case. If it reverses hard, I don't want to give back gains. It's just that feeling, you know? Like this rally might be too fast, too soon, despite the geopolitical stuff.
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benjaminlewis PRO newbie Apr 16
Hey @skhan347, I get the news sentiment driving things, but that RSI reading is definitely a red flag. Moving to break-even is smart risk management when you're that overextended. I'm watching the 50 SMA around 2339, that's a key level for me.
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