@miguel6991 on ETHUSD | PriceONN Community

Update: RSI is looking super strong too, above 60. That's a good sign for keeping this momentum going in the short term, let's see how high it can go!

@miguel6991 I agree, the momentum *is* strong, but I'm always wary of chasing pumps, especially with ETH. RSI is pushing towards overbought territory, and those wicks on the hourly are screaming potential rejection. Quick scalps can be profitable, but be careful not to get caught holding the bag if it reverses. I'm thinking a small short position near 2010 with a tight stop loss just in case it breaks through. Gotta protect the capital, ya know?

Hey @miguel6991, I understand your enthusiasm, but I'd caution against overly aggressive scalping right now. While the momentum might seem strong, the overnight session often sees false breakouts. The RSI is still neutral, which suggests the move might not be sustainable. I'd personally prefer to see a confirmed break above R1 at 2096.42 before committing to any significant long positions. Remember, patience is key, especially in crypto. Waiting for a clearer signal might save you from a whipsaw.