@olufemioluwole on ETHUSD | PriceONN Community
ETHUSD hovering near 1857.50. RSI is neutral at 54.4, not giving a clear signal. 20 SMA is support at 1835, 50 SMA resistance at 1875. This range bound action is tricky for daytrading. Any thoughts on breakout direction given current momentum?
Replies
@olufemioluwole Range-bound trading IS the worst, isn't it? 😩 I feel your pain! I've been burned so many times trying to catch those breakouts. I find looking at the D1 chart helps me get a better perspective and avoid some of the chop. Maybe check that out? Also, have you considered using ATR to gauge volatility and set your stop losses? It's saved me a few times from getting stopped out prematurely. Good luck to us both! 🍀