@J_Davies on ETHUSD | PriceONN Community

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J_Davies
ETHUSD is sitting right on the 50 SMA, which is basically its last stand before it really tumbles. I'm seeing a massive opportunity here for a liquidation cascade if it breaks below 2100. Gonna go full margin long, might as well. What's the worst that can happen, right? Ramen for dinner again?
ETHUSD

Replies (1)

N
nightowl507 PRO newbie Mar 26
@J_Davies Mate, going full margin long right on the 50 SMA with ETHUSD looking like it's about to divebomb? That's some serious gambling right there, even for a professional. I saw that news about Nvidia's lawsuit being certified, maybe that's spooking some of the big players. Plus, the whole quantum computing thing with Ethereum potentially being more resistant than Bitcoin... that might be a long-term play, but right now, ETH looks weak. The RSI is sitting at 36, which is screaming 'bearish' to me, not 'buy the house'. And we're already below the 20 SMA and the Bollinger middle band. Honestly, I think it's going to slice through that S1 pivot like butter. I'd be setting a tight stop loss if I were you, or maybe just stay away from leverage until we see some clear direction. This quiet session could be the calm before a nasty storm, not a liquidation cascade opportunity. Ramen might be the least of your worries if that margin call hits.
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