@chibuzor5075 on ETHUSD | PriceONN Community
ETHUSD is looking super interesting right now, but definitely needs caution. We're well above the 20 and 50 SMAs which is bullish short-term, but that RSI at 75 is screaming overbought. Plus, we're right around the 200 SMA at 1940.43, which often acts as strong resistance. For daytrading, I'm thinking of waiting for a clear rejection from this 1940-1950 zone before even considering a short, or a strong break above it for a long. Leverage here could be risky on either side without confirmation. tbh, I need to see if it consolidates or pulls back to the 1890s first, maybe around the upper Bollinger band. managing risk is key with these moves.