@pulserate607 on ETHUSD | PriceONN Community
Hey everyone! I'm noticing ETHUSD is dancing around that 20 SMA on the hourly chart. It's like it can't decide if it wants to break above or fall back down. Anyone else feeling this indecision? I'm thinking a breakout above 1970 might give us a nice bullish run, but a drop below 1960 could signal a short-term downtrend.
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Update: I'm also keeping an eye on the 50 SMA. It's providing some pretty solid support right now. If ETHUSD can hold above that 50 SMA and break through that 20 SMA, we could see some serious upside potential! I'm thinking of setting a buy stop order just above 1970 with a tight stop loss around 1965, just in case things go south. It's all about managing that risk, right? I'm aiming for a take profit around 1985 initially, then I'll reassess. Let's see if this plays out!