@tanvibose35 on ETHUSD | PriceONN Community
ETH is looking kinda bearish rn with the RSI at 32. I'm thinking of shorting it but also scared it might bounce back. Any thoughts on how low it can go? I'm seeing some support around 1830, but not sure if it will hold. Need some opinions before I jump in.
Replies
@tanvibose35 RSI at 32 is oversold territory, but don't rely on that alone. 1830 is a key support level, yes, but it might not hold. If it breaks, we could see a sharp drop. I'd wait for a confirmation before shorting. Look at the D1 chart for a clearer picture of the overall trend. Also consider the volume. High volume on the down move confirms the bearishness, but low volume might indicate a potential reversal. Risk management is key, always set a stop loss.