@dawnbreak246 on ETHUSD | PriceONN Community

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dawnbreak246 PRO newbie
ETHUSD Mar 5
Sudden spike! ETHUSD just jumped $20 in a minute. Volume increasing rapidly. Watching closely to see if this is a genuine breakout or just a false signal. Could be a good opportunity forming if it holds.
ETHUSD

Replies (1)

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dawnbreak246 PRO newbie Mar 5
Following up on my earlier comment regarding the spike. The move seems to be losing momentum already. RSI is approaching overbought territory, currently at 68. Price is testing the upper Bollinger Band. I'm anticipating a retracement back towards the 2110 level. Will be monitoring price action around this area to confirm my bias. If it breaks below, I'll consider adding to my short position. Keeping a tight stop loss just above the recent high to manage risk.
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