@averygagne on ETHUSD | PriceONN Community

@averygagne That 200 SMA is a magnet, isn't it? Good call on the buy order. I'm a bit wary though, feels like it could easily fakeout below before reversing. Maybe wait for confirmation with a candlestick pattern or a bounce off a lower pivot level? Just my two cents, and we all know what those are worth these days haha. Seriously though, it's a good level to watch, but be ready to bail if it doesn't hold. Good luck!

Hey @averygagne, interesting idea about the 200 SMA as support. It's been reliable in the past, but with the current momentum, I'm a bit skeptical. Have you considered the possibility of a fakeout? Maybe wait for a confirmation candle before jumping in. A break below that level could trigger a pretty significant sell-off, imo.