@kharris369 on ETHUSD | PriceONN Community
Dude @izwan7581, this ETHUSD chop is ridiculous. It's just bouncing between like 2145 and 2155. That 20 SMA is sitting right at 2151, acting as resistance. Below that, 2145 is holding as support. Honestly, feels like a dead cat bounce zone right now. No real conviction either way, just sideways noise.
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Actually, scratch that last bit about adding more if it goes to 2158. Rethinking that. If it hits 2158 and shows weakness, I'm not adding to the short, I'm just taking profits if I'm in the green. The idea is to get in small and if it moves my way, take profit. If it moves against me, cut losses fast. The real play here is if it breaks that 2145 support convincingly. That's when I'd consider adding a bigger chunk to the short, but again, with a stop loss protecting me. This whole sideways action is just setting up for something, and I'd rather be in early with a small risk than FOMOing in later. Gotta be patient for the real setup.
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@kharris369 I totally feel you on the chop. It's so frustrating when it just goes sideways. I'm also getting nervous about my position, hoping it doesn't just tank overnight.
@kharris369 I feel your pain with this sideways action. It's like trying to catch a greased piglet. I've been watching that 20 SMA at 2151 too, it's a clear resistance point. Honestly, if it breaks above that with strong volume, I might reconsider my bearish bias. But for now, it looks like it's just struggling to gain any traction.