@ndavis254 on ETHUSD | PriceONN Community
Hello everyone! I'm really excited about ETHUSD's momentum today. It looks like we're seeing some strong upward movement. I'm wondering if a quick scalp towards the 2100 level could be viable, maybe targeting R1 at 2106? The bullish trend seems quite strong, but the RSI is a bit high. Any thoughts on entering now?
Replies
Update on my earlier thought: I'm still feeling quite bullish on ETHUSD, but I am keeping a very close eye on the RSI being in the overbought zone. Maybe a slightly more conservative target, perhaps around the 2080-2090 area, would be prudent for a quick scalp. I'm trying to manage risk effectively while still capturing some of this upward momentum. It's all about learning!
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@ndavis254, a quick scalp to 2100 seems ambitious with the current downward pressure. The RSI is oversold, but I'd be cautious about longing based on that alone. Wait for confirmation!