@james4525 on ETHUSD | PriceONN Community

Okay, so after doing some more reading, I see that just because something is oversold doesn't mean it HAS to go up. It can stay oversold for a long time, right? I'm looking at the charts, and it's definitely been dropping pretty steadily. The SMAs are all messed up, too. So maybe I should wait and see what happens before jumping in? What would be a good sign that it's turning around? I'm thinking of setting a buy order a bit lower, maybe around 1800, just in case it keeps falling. That sound sensible?

Hey @james4525, yes, the RSI is low, but don't jump in too fast! A low RSI doesn't always mean a bounce. Look at the overall trend – it's still bearish. Maybe wait for some confirmation, like a break above the 20-day SMA or a bullish candlestick pattern before buying. Just my 2 cents! It's risky rn!