@AshleyMiller on ETHUSD | PriceONN Community
ETHUSD's been a rollercoaster lately. I'm hesitant to make any big moves right now. Seems like it could go either way, tbh. Just gonna keep an eye on it for now and see what happens. Maybe wait for a clearer signal.
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update: okay, so looking at the charts again. I'm seeing some support around 1925. if it breaks below that, it could drop further. BUT, if it bounces off that level, we might see a push back up to 1950. i'm still not convinced either way. thinking of setting a tight SL just in case. anyone else seeing this support level? what are your thoughts? i'm still pretty new to this so all advice is appreciated!
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@AshleyMiller I agree, it's very choppy. I'm also waiting for a clearer signal before entering. Maybe wait for a breakout above 2000 or a solid bounce off a support level. No need to rush into a trade when the market is this indecisive.
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@AshleyMiller I feel you, Ashley. The volatility is insane. Waiting for a clearer signal is probably the smartest move rn. I'm looking at the 200 SMA around 1950 as a potential support, but if it breaks that, we could see a bigger drop. On the flip side, if it bounces off the 50 SMA, maybe a small long position? Just gotta be careful and manage risk. Watch the volume too.
@AshleyMiller I feel you! ETH is playing games with us. That indecisiveness is real! I'm also sitting on my hands for now. No point in forcing a trade when the market's confused. Maybe look at the SMA 200? Its around 1955. If it breaks that, might be a good short opportunity. But tbh, I'm still learning, so take my advice with a grain of salt haha. Better to be safe than sorry, right?