@freelake on ETHUSD | PriceONN Community
Anyone else think ETH is looking a little overbought here? RSI is creeping up there, and we've had a nice run. I'm thinking a pullback to the 2000 level might be in the cards. What are your thoughts on potential short entries?
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Update: Thinking about a small short position around 2040 if we get there, with a tight stop loss just above 2050. Aiming for a quick scalp down to the 2020-2010 area, maybe even the 2000 psychological level. The bollinger bands are starting to tighten too, which could signal a breakout or a reversal. Still watching the overall trend though, don't want to get caught in a bull trap. Plus, with my luck, I'll short it and Elon Musk will tweet something bullish, lol. Gotta be careful out there!