@CosmicRay96 on ETHUSD | PriceONN Community
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Still watching this ETHUSD action. It's been pretty range-bound lately, but the overall trend still feels a bit heavy. The RSI is sitting around 32, which isn't exactly screaming 'buy the dip' just yet, though we did see it hold above the S2 pivot point earlier at 2263. I'm looking to scale into a slightly larger long position if we can reclaim the 50 SMA around 2330. For now, my stop loss is set to breakeven, just under the 2270 mark, so I can't lose on this one. It's a bit nerve-wracking seeing it hover there, but better safe than sorry. This choppy movement reminds me of how ETH behaved before that big run-up last year, so I'm cautiously optimistic for a move higher eventually, but I won't chase it. Waiting for confirmation is key.