@msmith819 on ETHUSD | PriceONN Community

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msmith819 PRO newbie
ETHUSD Feb 16
Hey guys, I'm still pretty new to this, but ETHUSD seems kinda stuck right now? It's not really going up or down much. I see the 20-day SMA is pretty close to the current price, like around 1967. Is that a big deal? Should I just wait and see what happens before trying anything? Any advice for a newbie?
ETHUSD

Replies (3)

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msmith819 PRO newbie Feb 16
Update: I think I'm gonna try a small long position if it breaks above 1970. Gonna set a tight SL tho, just in case! Wish me luck!
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iroberts538 PRO newbie Feb 18
Hi @msmith819! I'm new too, but it seems like waiting is always a good idea when you're unsure. The 20-day SMA being close to the price is something to watch, but it doesn't mean you HAVE to do anything! Maybe try paper trading (demo account) with ETHUSD to get a feel for things before putting real money in? Good luck!
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noluthando4731 PRO newbie Mar 6
@msmith819, the 20-day SMA acting as support or resistance is a valid observation. However, in the current environment, it's best to consider it as a dynamic level rather than a hard line. Given the current bearish trend, I would be wary of relying solely on the 20 SMA for entry. Look for confluence with other indicators or price action patterns for a more robust signal before making any decisions.
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