@brandonwhite69 on ETHUSD | PriceONN Community
Hey guys, looking at ETHUSD right now. It dipped a bit today but the overall trend still feels bullish, especially with the SMAs all lined up nicely below price. The RSI is pretty high though, near 69, so I'm wondering if it's getting a bit overextended. Thinking about a small scalping opp but feeling cautious.
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also, i noticed the price is pretty close to the upper bollinger band right now. that usually means a pullback is coming right? or is it different when the overall trend is strong like this for ETHUSD? trying to understand the nuances for scalping around these levels. my strategy usually involves tight SLs.
update:
I'm still trying to figure out the best entry point for ETHUSD. With the price around 2050-2060, it feels like it could go either way in the short term, even with the bullish trend. I see the 20 SMA is around 2010, which seems like a good support area if it pulls back. But if it breaks above 2070, then maybe a quick push higher is possible. I'm just worried about getting caught in a fakeout tbh. Any tips on how to identify better scalping entries when the RSI is high like this? It's tough to balance the bullish trend with the overbought signals.
I'm still trying to figure out the best entry point for ETHUSD. With the price around 2050-2060, it feels like it could go either way in the short term, even with the bullish trend. I see the 20 SMA is around 2010, which seems like a good support area if it pulls back. But if it breaks above 2070, then maybe a quick push higher is possible. I'm just worried about getting caught in a fakeout tbh. Any tips on how to identify better scalping entries when the RSI is high like this? It's tough to balance the bullish trend with the overbought signals.