@adaugoikechukwu43 on ETHUSD | PriceONN Community
ETHUSD oversold on the RSI! 👀 Could be a good opportunity for a long position if it bounces off the S2 pivot around 1925. Setting a tight stop loss just in case. Anyone else seeing this potential reversal? 🤔
Replies
@adaugoikechukwu43, I noticed your comment about the RSI being oversold. How reliable have you found the RSI to be as a signal for ETHUSD reversals?
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@adaugoikechukwu43 I saw that RSI too, but honestly I'm a little nervous about going long right now. It's already up so much today. That S2 pivot seems kinda far off, and I'm not sure it'll drop that much. What makes you so confident it'll bounce there? Maybe I'm just too scared of a pullback, lol. I'm still learning all this stuff, so any insights are appreciated!