@neha3761 on ETHUSD | PriceONN Community

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Given ETHUSD's current position, with RSI deep in oversold territory yet price holding just above the lower Bollinger band, what are your thoughts on potential mean reversion plays? I'm looking at short-term bounces but the overall bearish pressure from the SMAs is significant. How are others balancing these conflicting signals for scalping entries?
ETHUSD

Replies (1)

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neha3761 PRO newbie Feb 24
Update on my earlier point: While RSI suggests oversold conditions, the D1 timeframe still shows strong bearish momentum with price well below the 200 SMA. Any short-term rally for scalpers needs to respect the 20 SMA resistance around 1855. A break above that would invalidate immediate bearish conviction, but for now, bounces are likely corrective.
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