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Thinking about getting into ETHUSD but the sideways movement is making me hesitant. It's below the 200-day SMA which is usually a bad sign, right? I'm trying to be patient and not jump in too early. Maybe wait for a clearer signal before I buy any.
Hey @eric3059, I get your hesitation. The 200-day SMA can be a significant level, but it's not always a guaranteed sell signal. 😉 It's more about probability. Maybe wait for a confirmed break *below* the 50-day SMA before considering a short? Just a thought! 👍
