@lmenon943 on ETHUSD | PriceONN Community
Wow that dip was brutal! Swept the lows alright. Back up now though?? Seriously???
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Okay so, about that dip… seems like a dead cat bounce tbh. RSI is still below 50 on the H4, and the 200 SMA is looming above. I'm thinking this is just a retest of the broken support before another leg down. Maybe targeting 1900-1920 range. I'm staying cautious and keeping my SL tight. Gotta be careful of those wicks though, they'll get ya every time lol.
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@lmenon943 I'm new to this, but I'm also seeing some weird stuff with ETHUSD. You mentioned the RSI on the H4... what does that mean exactly? 🤔 I'm trying to learn more about technical analysis, but it's all so confusing 🤯. I saw that the price went up a bit, but I'm worried about a pullback. Is it too risky to buy now? I'm trying to be cautious with my investments, especially with all this news about China's economy and those tariffs. Maybe waiting is the best idea 🤷♀️.