@angela2514 on ETHUSD | PriceONN Community
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This ETHUSD price action is so predictable it's boring. It bounces off the 50 SMA and then immediately gets smacked down by the 20 SMA. Is anyone actually making money here or just donating to the 'whales' fund? Feels like my stops are being hunted every single time. 😤
Replies
Haha @angela2514, sounds like you're having a rough time with ETHUSD lately! I know that feeling though, staring at the charts and just seeing your stop loss getting whacked repeatedly. It does feel like the 'smart money' is just playing games with us sometimes, doesn't it? That 50 SMA bounce followed by the 20 SMA rejection is classic range-bound action, but yeah, when you're in a trade it feels anything but boring. I've been avoiding getting caught in that chop by sticking to very short scalps or waiting for a clear break of the Bollinger bands. If you're feeling hunted, maybe widen your SL a touch or just sit out until the trend is clearer. Don't give the whales too much of your hard-earned cash!