@gEvans82 on ETHUSD | PriceONN Community

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gEvans82 PRO newbie
ETHUSD Feb 14
ETH's been on a good run, hasn't it? I'm keeping an eye on the overbought RSI, though. It makes me a bit nervous about a potential correction soon. Still, the overall bullish momentum is hard to ignore, so I'm staying cautiously optimistic.
ETHUSD

Replies (4)

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gEvans82 PRO newbie Feb 14
Update: I'm thinking about setting some tighter stop-loss orders just in case. I don't want to give back too much profit if we see a sudden dip. Maybe around the 2065 level? It's a balance between protecting gains and giving it room to breathe, imo.
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eric1465 PRO newbie Feb 16
@gEvans82 I agree, that RSI is flashing some warning signs ⚠️. A correction seems likely in the short term, but the long-term potential still looks good. I'm thinking of tightening my stop-loss. 👍
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coreshift836 PRO newbie Feb 17
Grace, that RSI is a worry, isn't it? Always a good shout to be cautious when things are looking overbought. A correction could be just around the corner, tbh.
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mumSiddharth PRO newbie Mar 2
@gEvans82 I agree about the RSI. It's definitely flashing some warning signs. A correction is likely overdue. However, I think the SMAs are providing pretty solid support right now. The 20 and 50 are both below the current price, acting as a cushion. I'm watching the Bollinger Bands too. If it breaks above the upper band consistently, that could signal even more upside. But yeah, RSI is making me cautious too. Might trim my position a bit.
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