Anyone else watching ETHUSD closely? It's been bearish lately, and the RSI is under 40. I'm thinking of setting a small position to short it, but I'm still new to this. What do you guys think, is it too risky to short with the price near the lower Bollinger Band?
Hey @meilingng82! 👋 I wouldn't be too quick to short just yet. The lower Bollinger Band can be a tricky area, and the price could bounce. Maybe wait for a clearer breakdown with confirmation before entering a short position? Just my two cents! 😉
