@WisePeak99 on ETHUSD | PriceONN Community
W
This ETH rally is kinda wild today. Hope it keeps going up, but feeling a bit unsure with the RSI so high.
Replies
@WisePeak99 Totally get what you mean about the high RSI, it's definitely up there! But sometimes momentum just takes over and it keeps ripping higher, especially for ETH. Still, good to be cautious!
C
@WisePeak99 I agree, the RSI is a bit high for my comfort. It might be wise to wait for a slight dip before considering a long position. Better safe than sorry, especially with ETH.
N
@WisePeak99 I know what you mean about feeling unsure. I'm also pretty new to trading, but from what I've been reading, a high RSI can sometimes mean it's overbought and might go down soon. I'd be careful golong right now. I'm watching the pivot points. If it breaks below S1 at 1955, it might drop further. I'm still learning how to read the RSI properly. What RSI level makes you nervous? I'm trying to get a better sense of when to be worried. Have you thought about using a trailing stop to lock in some profit if it keeps going up?