@angela2514 on ETHUSD | PriceONN Community
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Seriously, ETHUSD is just doing the same thing over and over. It's like they're just waiting for retail to jump in before another fakeout. Anyone else notice how the 200 SMA is acting like a magnet, but they can't quite break it decisively? Feels like the calm before the storm, but which way though??? 🤷♀️
Replies
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Hey @angela2514, I hear you on the choppy price action. The 200 SMA is definitely acting as a psychological level, but I'm seeing some resistance forming around the R1 pivot at 2059.53. If that holds, we could see a retest of the lower Bollinger band around 2043. It's a tight range right now.
Fakeouts? Angela, that's just how the market cleans house before the real move. The 200 SMA is a magnet for sure, but it's all about catching the order block that forms right after the retail gets liquidated. I'm watching for a break above R1, then it's blast off. Don't get caught in the noise.