@mumSiddharth on ETHUSD | PriceONN Community

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M
Market's feeling pretty euphoric right now, ngl. Everyone's calling for new highs on ETH. Makes me a little uneasy, tbh. Remember what happened last time everyone was this bullish? I'm staying in my long position, but I've tightened my stop loss just in case this is a bull trap.
ETHUSD

Replies (1)

M
mumSiddharth PRO newbie Mar 2
Update: I just checked the ETHUSD chart on the H4 timeframe, and the RSI is starting to show a slight divergence. That's adding to my concerns about a potential pullback. I'm thinking of moving my stop loss up to around 2010 to lock in some profits and protect myself from a sharp reversal. Also, the volume has been decreasing slightly over the last few hours, which could indicate that the bullish momentum is starting to wane. Let's see how it goes.
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