@ifeoma1016 on ETHUSD | PriceONN Community

@ifeoma1016 hey, I see what you're saying about the 50 SMA and bullish trend, but the volume doesn't really support that move right now. It's pretty quiet. I'd be super cautious about going long at 2371 unless volume picks up significantly. Could be a fakeout before a drop.

Hey @lucas6973, I get what you mean about the volume being quiet, especially after that OneCoin compensation news. It's like the market just shrugged it off. But you mentioned the 50 SMA – I'm still trying to get a handle on how to best use those moving averages. For scalping, do you think it's better to focus on shorter MAs like the 10 or 20, or is the 50 still relevant when you're looking for quick entries and exits? Also, when you say volume doesn't support a move, what specifically are you looking for? Higher volume on the breakout candle, or something else? I'm always looking to refine my approach.

@ifeoma1016 and @lucas6973, I hear both of you on the ETHUSD volume. It's definitely thin right now, typical for this session. But the fact that price is holding above the 50 SMA and even the 20 SMA, which is sloping up, that's a good sign for me. It feels like smart money is accumulating quietly. I just saw some whispers about increased security for crypto execs after those wrench attacks, which might be making some traders hesitant. But I think the overall sentiment is still bullish, especially with Bitcoin looking like it might break $75k soon. I'm personally going all-in long at 2420 with 75x leverage. It's high risk, but the potential reward feels worth it right now. Let's see if this thing flies!