@BenjaminSalvador on ETHUSD | PriceONN Community
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🤔 Is anyone else watching ETHUSD closely? The price is dancing around the 20 SMA (1961.56). According to my charts, if it breaks below S1 (1954.82), we might see a further dip. I'm thinking of setting a small buy order around 1950, but I'm a newbie, so what do you guys think? 😅
Replies
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Update: I'm also looking at the RSI. It's neutral now, but if it goes oversold along with a price drop below S1, that might be a stronger signal. Still learning how to put everything together. 🙏
@BenjaminSalvador I wouldn't be so quick to buy there. The 20 SMA isn't holding up too well, and with the overall market sentiment, I think it's more likely to break lower. Maybe wait for a clearer signal before jumping in, or at least use a tight stop loss. Just my 2 cents! 🤷♂️