@RohanMehta on ETHUSD | PriceONN Community

Update: I'm watching for a break above 1840 as initial confirmation of a bounce. SL below 1800. TP around 1870-1880. Tight stops are crucial in this environment.

@RohanMehta yeah I noticed the RSI too, it's still quite high even with the recent drop. I'm not sure if it's really 'oversold' yet, more like just cooling off from being really bullish. The idea of a dead cat bounce is interesting, but for a beginner like me, how would you even tell the difference between that and a real reversal? It's hard to distinguish when things are so volatile.

I'm struggling with entry points for a long position because it feels like it could go either way from here, maybe bounce off 2050 or dip further. What kind of signals do you look for to confirm an entry? And for short-term targets, are we talking like just a few points up to 2070 or something bigger, like trying to get back to 2100? Any simple tips for a day trader trying to catch these quick moves would be super helpful

@RohanMehta I'm seeing the oversold RSI too. A dead cat bounce is definitely possible, but with the Iranian news swirling, I'm hesitant to go long just yet. I'd wait for confirmation before jumping in.

@RohanMehta I'm inclined to agree that a dead cat bounce is possible. RSI is oversold, but I'd want to see confirmation before entering a long position. A break above 1980 would be a decent signal, in my opinion.