@mia1996 on ETHUSD | PriceONN Community

@mia1996 I'm not convinced about the breakout yet tbh. While the SMAs might seem aligned, the overall market sentiment is still pretty bearish. Plus, that 200 SMA you mentioned is a pretty strong resistance level. I reckon it needs a lot more momentum to break above that convincingly. I'd be careful chasing the breakout; there's a good chance it could be a fakeout. I'm more inclined to look for shorting opportunities near that level, especially if we see a bearish candlestick pattern forming there. Maybe wait for a retest and rejection before jumping in?