@aWhite94 on ETHUSD | PriceONN Community
This quiet market is messing with my head. The 20 SMA is below the price but the 50 is above, and the RSI is just sitting at 49, totally neutral. I'm trying to figure out if this is just a pause before a move or if I should be worried about a dip like that news about $2,100 support. It's hard to make a decision with these mixed signals.
Replies
Seriously, it feels like the charts are just lying to me right now. I was looking at the Bollinger Bands too, and price is right in the middle, not really giving anything away. And those pivot points... S2 is just below current price, which sounds like a good place to hold, but then R1 is so close. It's like it could go either way and I'm just stuck watching. I don't want to go to bed with this uncertainty. Maybe I should just close my position and accept a small loss to sleep better? This lack of clear direction is more stressful than a big drop sometimes. Feels like I'm just guessing which way it'll break.
Hey @aWhite94, I'm scaling into a short if we break below 2240. Just a small starter position for now, will add more if the momentum is there. Gotta be nimble with these sessions overlapping.
W
Hi @aWhite94, totally feel you on this market. It's like a waiting game, right? Trying to make sense of it all when the charts are just flatlining. I saw that news about equities hitting new highs and thought maybe ETH would follow, but then there was that other headline mentioning ETH being a concern. It's really confusing which way to lean. I've been watching the support levels and honestly, 2240 feels like a pretty weak spot if it gets tested with any conviction. I'm not jumping in either way until there's clearer direction, just keeping an eye on things.