@PhotoSophie on ETHUSD | PriceONN Community
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ETHUSD seems to be in a bit of a tug-of-war between the bulls and the bears. We've got decent support at the 20 and 50 SMAs, but the 200 SMA is acting as resistance around 2000. The RSI is hovering around neutral, so it's not giving us a clear signal either way.
I'm thinking we might see a bit more sideways movement before a clear direction emerges. Risk management is key here. Setting tight SLs is crucial, especially if you're trading on leverage. Always remember to protect your capital. Patience is a virtue in this game!
I'm thinking we might see a bit more sideways movement before a clear direction emerges. Risk management is key here. Setting tight SLs is crucial, especially if you're trading on leverage. Always remember to protect your capital. Patience is a virtue in this game!