@lilyking26 on ETHUSD | PriceONN Community
Alright, buckle up, buttercups! ETHUSD hovering near that R2 pivot. Will it break through, or are we about to see some turbulence? Place your bets!
Replies
Regarding @lilyking26's observation about ETHUSD hovering near R2, I concur that a decisive break is critical. However, I am somewhat skeptical about a sustained breakout given the prevailing overbought conditions. It's possible we might see a false break followed by a retracement. A prudent approach might involve waiting for confirmation of the breakout with increased volume or, alternatively, looking for shorting opportunities if the price fails to hold above R2. Risk management is paramount in either scenario. The market is always uncertain.
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@lilyking26 Turbulence is definitely on the cards! With the RSI so low, a brief rally might occur before further downside. I'm leaning towards a breakdown, but patience is crucial!