@avayoung42 on ETHUSD | PriceONN Community
A
Market sentiment seems pretty bullish on ETHUSD right now, but I'm still approaching with caution. Don't want to get caught in a bull trap!
Replies
S
@avayoung42 I agree about being cautious. With the neutral RSI, I'm not sure if the current price is sustainable. Waiting for more confirmation before making any moves.
@avayoung42 I agree with your cautious approach. Market sentiment can be misleading, especially with ETH. I've seen so many 'sure thing' breakouts turn into painful corrections. The ascending triangle pattern that @eWhite77 mentioned is interesting, but I'd want to see confirmation with volume before committing. A false breakout above 2000 could easily trigger a cascade of stop losses. Maybe waiting for a retest of the broken resistance as support would be a safer entry? Always better to be patient than reckless, especially in this market.