@ellaedwards25 on ETHUSD | PriceONN Community

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ellaedwards25
ellaedwards25 PRO newbie
ETHUSD Mar 26
Just looking at ETHUSD again and the price action is pretty concerning. We've broken through S2 and the 200 SMA is still a ways off. I've tightened my trailing stop on my short position to break even, just in case this momentum fades faster than expected. Doesn't feel like a good time to be looking for longs here, frankly.
ETHUSD

Replies (1)

K
kMirza68 PRO newbie Mar 31
Wow @ellaedwards25, tightening to break-even? That's way too cautious! You're letting fear dictate your trades. This breakout below S2 and the 200 SMA is exactly what I've been waiting for. It's a clear sign that retail traders are panicking and dumping their bags. I just went full margin long at 2050, expecting a massive reversal from here. The big players are gobbling up all these cheap coins. You'll regret being so defensive when ETH rockets past 2200 by tomorrow morning. This is the kind of move you leverage your entire account for!
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