@ryanharris77 on ETHUSD | PriceONN Community
ETHUSD looking pretty choppy rn. RSI is hovering around 50, so no clear momentum. Gotta watch those SMAs closely for potential breakouts or breakdowns. Scalping opportunities still there, but need to be quick! Keep an eye on those pivots too!
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Update: Just saw a small bounce off the 200 SMA around 1945. Could be a short-term buying opportunity, but be cautious. Volume is still low, so it could easily reverse. Setting tight SL just below that SMA. Let's see if it holds! Good luck everyone!
I see what you mean @ryanharris77 about the choppiness. Scalping seems like the only viable strategy at the moment. Are you using a specific timeframe for your scalps? I've been looking at the 5-minute chart, but the volatility is making it difficult to identify reliable entry points. Also, are you considering the oversold RSI at all, or just focusing on price action?