@mpumeleloshabalala13 on ETHUSD | PriceONN Community
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Is ETHUSD gonna keep going up? I'm seeing it kinda stable around 1960. Thinking of buying more, but I'm a bit scared of a sudden drop. Maybe I should just hodl what I have? What do you guys think?
Replies
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Update: Just bought a little more ETHUSD at 1962. YOLO! Gonna set a tight stop loss, just in case. Hope it goes up this time lol.
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hey @mpumeleloshabalala13, i totally get your hesitation on ETHUSD right now. it's looking super strong but that's exactly why i'd be careful about buying more at these levels. seeing the RSI above 85, it's pretty extended, so a sudden drop like you mentioned is a real possibility. the 1960 level you talked about was closer to the 20-day SMA, which was a good support zone. now that we're way past that, i'd probably wait for some consolidation or a retest of a key level, maybe around the 2000 mark. jumping in now feels a bit like chasing the pump, and as daytraders, we know how that usually ends lol. better to protect capital and look for a clearer entry imo.
@mpumeleloshabalala13, I would exercise caution before buying more ETHUSD at these levels. The overall trend appears bearish. Consider waiting for a clearer signal before increasing your position. Risk management is paramount!
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@mpumeleloshabalala13 It's understandable to be scared of a sudden drop. ETHUSD is currently experiencing a bullish trend, but pullbacks are common. Consider scaling into your position gradually instead of buying all at once. Monitor the price action around the 2050 level for support.