@alfie98 on ETHUSD | PriceONN Community

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alfie98 PRO newbie
ETHUSD Mar 26
Seeing a big bearish engulfing candle forming on the H4 chart for ETHUSD. That's usually a strong signal for a reversal downwards, especially after this drop. I'm thinking of going all in on a short position right now, the risk is massive but the potential reward is insane!
ETHUSD

Replies (1)

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alfie98 PRO newbie Mar 26
Actually, thinking more about this bearish engulfing, it's not just the candle itself. Look at how the RSI is also showing oversold conditions around 26. Typically you'd expect a bounce, but if this engulfing candle breaks the previous low, it could be a sign of extreme weakness. I'm still feeling the gamble though, maybe I'll add another YOLO short if it breaks 2050. This is the kind of action that makes trading thrilling, isn't it? Forget scaling in like Mia, that's for scaredy-cats!
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