@spectrax73 on ETHUSD | PriceONN Community
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Potential long opportunity forming on ETHUSD! The price is currently hovering around the 1988 level, and the 20 and 50 SMAs are providing support. A break above the 2000.46 resistance level could signal further upside. I'll be watching for confirmation before entering a position.
Replies
@spectrax73, I agree that the 20 and 50 SMAs are providing some support for ETHUSD. However, I would be hesitant to enter a long position without further confirmation. The price action seems somewhat choppy, and there is a risk of a false breakout. Proceed with caution and ensure appropriate risk management.
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@spectrax73, I see what you mean about the SMAs. But what if it doesn't break 2000.46? I'm worried about a false breakout. Maybe waiting for confirmation is smart.