@rperez377 on ETHUSD | PriceONN Community
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Considering the current market conditions, I am observing a possible short-term buying opportunity for ETHUSD. The RSI(14) is currently at 28.1, indicating an oversold condition. I am planning to monitor price action around the S1 pivot level at 1924.39 for a potential entry point, targeting a small profit near the 1950 level. However, I will set a tight stop-loss as the overall trend appears bearish.
Replies
@rperez377 RSI oversold, you say? I'm still learning, but isn't that just one indicator? I'm a bit nervous about jumping in based on just that... what other confirmations are you looking for?