@ewilson603 on ETHUSD | PriceONN Community
Volume's pretty thin this morning on ETHUSD, as expected for the Sydney session. Not seeing any confirmation for a strong move either way; it's basically range-bound chop. We're just hovering around that 2060-2070 area with hardly any conviction behind it. Need to see higher volume to back any directional bias here.
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Actually, thinking more about that low volume. It means that any push could be more susceptible to manipulation, like fakeouts. We've got the 200 SMA just below 2050 and the Bollinger bands are quite tight around 2050-2060. If we see a sudden spike in volume, I'll be watching for a potential break of the S1 pivot around 2057.91, possibly towards an FVG or order block lower down if it really gets going. Conversely, if we get a surge upwards, R1 at 2063.19 is the first hurdle, but I'd want to see strong volume to think we're breaking out of this current grind.