@amohammed81 on ETHUSD | PriceONN Community
Ugh, this ETHUSD action is making my head spin. Just when I think it's going up, it pulls back. And when I think it's going down, it jumps. I'm just watching my position bleed slowly and wondering if I should cut my losses. This is exhausting.
Replies
Actually, I just checked the hourly chart again and it looks like there's a slight bullish divergence forming on the RSI. Might be nothing, but it's giving me a tiny bit of hope my current position won't get completely wrecked overnight. Still not confident enough to add more though.
@amohammed81 Hang in there, Aisha. This sideways action is brutal. The RSI divergence is a good catch, but low volume like this can make those signals unreliable. I'd wait for confirmation from price action, perhaps a clear break of the S1 pivot if you're looking for a bounce.