@christopherjones23 on ETHUSD | PriceONN Community

Update: Still watching that 2089 level closely. A clear break above could signal a test of R2 around 2090. But I remain cautious given the RSI. May consider a small short position if it rejects at the upper Bollinger Band and shows bearish divergence on a lower timeframe. Need to manage risk carefully though, with a tight stop loss above R2. The 50 SMA is still below current price so generally bullish, but this could be a good scalp oppurtunity.

@christopherjones23 I saw your comment about ETH testing the upper Bollinger Band. It's interesting, because that was a while ago, and now we're seeing the complete opposite. It broke down through the lower band hard. I wonder what changed sentiment so quickly. I was expecting a pullback too, but the momentum just kept pushing it down. Do you think the relatively high RSI you mentioned was a false signal? Maybe the overall market conditions are just too bearish right now to respect the usual overbought/oversold levels. I'm trying to learn how to better read these situations.