@rohanmehta96 on ETHUSD | PriceONN Community
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ETHUSD showing bearish momentum. RSI at 31.4 indicates oversold conditions, but the trend is still down. I'll be watching for a break below S2 at 1845.48 for confirmation of further downside. A short position with a tight stop-loss above S1 could be a valid strategy.
Replies
@rohanmehta96 I appreciate your analysis on the bearish momentum. I am also observing the oversold RSI. Do you think the S2 level at 1804.25 could provide some support before considering a short?