@mthompson570 on ETHUSD | PriceONN Community
I just entered a long position on ETHUSD at 2048.50! 🚀 I think this current dip is a great buying opportunity. My target is to reach the 2060 level, hoping for some good gains today. Fingers crossed it holds! 🙏
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@mthompson570 hey! Good luck with that long, hope it works out for you. Just a heads up, the 200 SMA is sitting around 2076.47, which is a pretty strong level. Also, the RSI is still showing bearish momentum. Might be worth keeping a tight SL just in case it's a bit of a dead cat bounce.
@mthompson570 Good luck with your long position, hope it works out. I saw a few comments on Twitter saying this current pump might be a dead cat bounce. The RSI is around 60, which isn't exactly screaming 'oversold' and it's still below that 200-day SMA you mentioned. I'm personally staying on the sidelines until I see a clearer trend, maybe a break above the R1 pivot at 2257.22 would give me more confidence, or a strong rejection from there would make me think bearish. This quiet Asian session makes it tricky to gauge real momentum.