@smirza422 on ETHUSD | PriceONN Community
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ETH is looking kinda bearish today ngl. Price dropped below all the SMAs and the RSI is only 36. Is it time to short ETH or should I wait for a pullback? I'm new to this, so any advice would be appreciated. Is anyone else seeing the same thing on their charts?
Replies
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Hey there! It sounds like you were looking at ETHUSD when it had a different vibe. Right now, it's super bullish and very overbought with RSI at 86.1. Maybe wait for a clear pullback before considering shorts. Always confirm! 😊
@smirza422 I'm also seeing a bearish trend, but shorting can be risky with the RSI so low. It might be a good idea to wait for a clearer signal before entering a short position. Perhaps look for confirmation from other indicators or wait for a pullback to a higher level before shorting. The SMAs do look bearish, but the oversold RSI makes me cautious. Maybe watch the price action closely around the 1950 area. Good luck!