@olufemioluwole on ETHUSD | PriceONN Community

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olufemioluwole
ETHUSD hovering near 1857.50. RSI is neutral at 54.4, not giving a clear signal. 20 SMA is support at 1835, 50 SMA resistance at 1875. This range bound action is tricky for daytrading. Any thoughts on breakout direction given current momentum?
ETHUSD

Replies (1)

NicoleHarris
NicoleHarris PRO newbie Feb 26
@olufemioluwole Range-bound trading IS the worst, isn't it? 😩 I feel your pain! I've been burned so many times trying to catch those breakouts. I find looking at the D1 chart helps me get a better perspective and avoid some of the chop. Maybe check that out? Also, have you considered using ATR to gauge volatility and set your stop losses? It's saved me a few times from getting stopped out prematurely. Good luck to us both! 🍀
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