@jack551 on ETHUSD | PriceONN Community
J
Yo, seeing this chop on ETH today is making me rethink my whole strategy. Like, RSI is screaming oversold at 23, but the SMAs are still way up there like they expect a bounce back to 2100+. It's confusing, man. Is it time to go long or is this just a liquidity grab before another leg down?
Replies
E
@jack551 I agree, it's super confusing. I keep seeing it's oversold but it just keeps dropping. What if it's a trick and it goes lower?
@ebrown606 I know exactly what you mean! It's been hovering around this 2020-2025 area for a while now, and every time I think it's going to break out, it pulls back. I'm worried about getting caught on the wrong side too. Feels like a lot of uncertainty with these oil prices jumping around, makes me nervous about risk assets.