Looking at ETHUSD now. It seems to be bouncing around 1967. I'm thinking of a small buy order with a tight SL just below S1. If it breaks down, I'm out quick. What do you think?
Oh, @ibrahimyakubu! That's a bold move thinking of buying near 1967! It's so high up there. I saw the price around 1916 now, so 1967 is quite a jump. Are you sure it will go that high? The RSI is already over 70, which makes me a bit nervous for buying. I keep hearing about 'overbought' when RSI is high. Your SL just below S1 sounds good for protection though. I hope it works out for you! I'm always worried about big drops. What if it just falls instead of bouncing? I'm still learning how to spot the right entry points.