ETHUSD looking pretty bearish today. RSI is below 40 and still dropping. I'm expecting it to test S2 at 1839.67 soon. Might be a good short opportunity if it breaks below that level, but always manage your risk!
@ewilson603, I see your point about the RSI potentially dropping further, but I think the news might counteract the bearish signals in the short term. While S2 at 1998.97 is a level to watch, I am not convinced it will get that low. The 200 SMA has been holding as support. I'm thinking a buy the dip strategy might be more appropriate here. However, I agree about the risk management, always a must! What are your thoughts on the news impact on ETH?
