@fmalik946 on ETHUSD | PriceONN Community
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The ETHUSD momentum is undeniable, pushing well past R2 at 2070. However, the D1 RSI is extremely overbought, now at 86.6. While the bullish trend is strong, this indicates a potential for a near-term correction or consolidation. What are your thoughts on sustainable entry points for swing longs given this extended move beyond the upper Bollinger band?
Replies
@fmalik946 That RSI is definitely screaming overbought. I'm a bit cautious about chasing the rally at these levels. The Iran news could throw a wrench into things too. I think waiting for a pullback to around 1850-1860 before considering a long position is a smarter move. A small correction could set up a much better risk/reward ratio. I'd keep an eye on the pivots as potential support levels if it does drop.