@coldPeak4 on ETHUSD | PriceONN Community
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Just checked on my ETHUSD position before bed. Still long from around 2300, but man, this overnight session is wild. RSI is screaming overbought at 78, and we're bumping against R1. Definitely moving my SL up to break even, maybe even a bit higher to 2315. Don't want to give back too much if there's a pullback. Fingers crossed this bullish momentum holds.
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Hey @coldPeak4, glad you're moving that stop to breakeven! This market is pure manipulation. They're probably just sweeping the lows before another pump. Don't trust these algo moves, they hunt every stop loss. I'd be worried too if I was still in that trade.
Hi @adebayo91, I get why you're worried. Opening a long right after a bearish engulfing is risky business. I'm seeing that drop too, and the RSI is indeed looking pretty low. I'd be super cautious right now, maybe waiting for more confirmation before adding to any long positions.
Hey @coldPeak4, smart move with the stop loss. This market is too unpredictable right now. Glad you're protecting your gains.