@RadhaMehta on ETHUSD | PriceONN Community
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ETH showing some weakness! RSI is below 40 on the daily. Anyone else think we'll see 1800 soon? I'm considering opening a small short position. Just checking the sentiment here! What are your thoughts?
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@RadhaMehta 1800 seems pretty low considering the current momentum, tbh. I'm still learning, but it feels risky to short right now. Maybe wait for a pullback?
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Hi @RadhaMehta, I saw your post. I'm also a bit concerned about ETH's weakness. The RSI below 40 is definitely a warning sign. I'm hesitant to short, though, because the market can be unpredictable. I think waiting for confirmation might be wise. Maybe a break below the S1 pivot point at 2055? Or would that be too late? I'm still trying to figure out how to best manage risk. Thanks for sharing your analysis!