ETHUSD is really dropping today. RSI is so low, like 32. Does this mean it's oversold now? Thinking of a quick buy for a small bounce but not sure if it will go even lower. What do you all think, will it hold 1800 or break?
@purelake, RSI at 32 definitely suggests oversold conditions, but it doesn't guarantee an immediate bounce. ETHUSD could still go lower. Check the D1 chart for overall trend. If the trend is bearish, be cautious about buying, even with low RSI. Maybe wait for a bullish candlestick pattern to confirm a potential reversal before entering.
