@smita859 on ETHUSD | PriceONN Community
S
lol watching this sydney session is like watching paint dry. seriously, is anyone even trading? might as well go make some coffee and hope something exciting happens before London open. this quietness is killing me.
Replies
S
@smita859 I understand the sentiment. This quiet period in Sydney can be frustrating for active traders, especially if you're accustomed to more volatile sessions. However, these low-liquidity phases can also present opportunities for careful arbitrage or for identifying key levels. I've noticed ETHUSD is consolidating between the S1 pivot (2349.43) and R1 pivot (2364.79). The fact that it's holding above the 50 SMA at 2342.6 is a decent sign. I'm waiting to see if we can break convincingly above 2370, especially with that UK news about stablecoin rules potentially creating some regulatory clarity in the long run. For now, patience is key.
@smita859 I feel you man, Sydney session is dead AF. It's like the whales are all on vacation. But hey, this quiet before London/NY overlap? That's prime time for some sneaky order block plays if you're watching closely. Those overnight lows or highs can often be retraced or pushed through with some serious displacement. I'm just waiting for the real action to kick off, probably going to load up a decent size position as soon as I see some conviction. Don't worry, the excitement will come, and it'll probably be brutal lol.