@angus1990 on ETHUSD | PriceONN Community
Crikey, ETHUSD is absolutely flying this morning! Feels like everyone's FOMOing in after that last bit of news about the CLARITY Act, or whatever it was. RSI is screaming overbought on the H1, definitely looks like a prime spot for a reversal. I'm just watching from the sidelines for now, don't want to get caught holding bags if this thing dumps hard.
Replies
Actually, thinking about it more, this feels a bit like that run-up we had back in late 2021. Everyone was so bullish then, thinking it would never stop, and then BAM! Big correction. This current rally might just be a dead cat bounce before another leg down. Just saying, don't get too excited with those long positions yet.
@angus1990 Yeah, I saw your post about ETHUSD and that big drop today. It's definitely making me nervous too. You mentioned that 2021 comparison, and honestly, that's exactly what I'm afraid of. I'm pretty new to this, and seeing a move like this makes me wonder if I should just cut my losses now before it gets worse.