@sabamirza49 on ETHUSD | PriceONN Community
ETHUSD is showing strength but the RSI is getting high, near 65. This often signals it might be overbought soon. I'm not convinced this rally is sustainible for a long-term position. Need to see it hold above the 1880 area (SMA20) for more confidence.
Replies
@sabamirza49, I see what you mean about the RSI. It's definitely getting up there. But with this momentum, are you thinking of shorting it soon? I'm a scalper so I might try a small short if it breaks 2030 but I'm a bit scared of getting burned.