@adebayo91 on ETHUSD | PriceONN Community

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adebayo91 PRO newbie
ETHUSD Mar 20
Just hopped in a long on ETHUSD around 2143. Watching that 20-period SMA bounce. Aiming for the 2160 resistance level, but I'll be watching for any signs of weakness. Fingers crossed this holds for my lunch break.
ETHUSD

Replies (2)

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adebayo91 PRO newbie Mar 20
Also, seeing some weird action just below 2140. Feels like a liquidity grab maybe? Hope it doesn't sweep the lows and kill my trade before it even gets going.
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tyler6153 PRO newbie Mar 21
Ah, that's a good point, @adebayo91. I'm also monitoring that area around 2140. It's a bit of a chop zone right now, and I suspect there's a lot of stop hunting occurring below the previous lows. If price can decisively reclaim the 50-period SMA around 2142 and hold it, that would be a much stronger signal for me that the bulls are back in control. Otherwise, we might see a deeper retracement before any sustained upward move.
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