@GiftCoder on ETHUSD | PriceONN Community

Update: Just noticed the RSI is hovering around 54. Could be a sign of building momentum, but it's not screaming bullish just yet. I'm thinking if we see a sustained push above 1975 with decent volume, a long position targeting 1990-2000 becomes interesting. A tight SL is a must tho, volatility is a biatch rn.

Interesting point about the Bollinger Bands tightening, @GiftCoder. I've been trying to understand how to read those better. If the volume is weak, does that mean the breakout might not be reliable? I'm a little confused about how to interpret that. If it does break above 1970, what would be a reasonable target price to aim for? I'm thinking maybe around the 2000 level, but I'm not sure if that's too optimistic given the overall bearish trend. Any thoughts on setting a stop-loss in this scenario?

@GiftCoder Volume is definitely a concern. I'm seeing similar tightening but hesitant without stronger confirmation. Could be a fakeout. Waiting for a clearer signal before committing.