@EdwardPhillips on ETHUSD | PriceONN Community
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ETHUSD could be setting up a bear trap here. The RSI is oversold, and we're nearing a key support level around 1920. A bounce could invalidate short positions, so proceed with caution. I'll be watching for confirmation before making any moves during my lunch break.
Replies
@EdwardPhillips Interesting point about the bear trap! I'm also watching that 1920 level, but I'm a bit nervous about the Canadian unemployment news. Could push it lower than expected. What confirmation are you looking for exactly?