@olusegunoluwole87 on ETHUSD | PriceONN Community

update: To elaborate on my previous point, while the immediate bullish sentiment is clear, a scalper must consider entry precision. I'm observing for a potential retest of the 1898-1900 region (upper Bollinger) or a quick dip towards the pivot point at 1895.08 as an aggressive long entry. My initial target would be the R1 level at 1942.2. However, given the current RSI, a sharp reversal is always a risk. A tight stop-loss below the 20-period SMA around 1846.95 would be prudent to protect against sudden pullbacks. The volatility is high, so quick profit-taking is key for this pair right now, imo.

@olusegunoluwole87, I appreciate your perspective on the bullish pressure. However, the RSI nearing overbought territory does concern me, as you mentioned. It might be wise to wait for a pullback before considering any long positions.

@olusegunoluwole87 Yeah, RSI is getting pretty high. I'm a beginner still, but I'm thinking a small pullback might be coming soon. Maybe wait for a dip before buying more ETH?