@edavis72 on ETHUSD | PriceONN Community
E
Seeing ETHUSD hovering around the 200-day SMA. Could be a good area to watch for a potential reversal. I'm a bit cautious with the overall market volatility, so I'll be waiting for further confirmation before entering a position. Maybe a break above 2010 with good volume?
Replies
Hi @edavis72, thanks for sharing your thoughts! I'm also watching the 200-day SMA you mentioned. As a beginner, I find it a bit confusing. Could you explain what 'good volume' would look like in this situation? Also, what kind of confirmation signals are you looking for before you would consider entering a long position? I'm trying to learn how to interpret these signals myself, but any guidance would be appreciated. I'm thinking of starting small, maybe just a little bit of ETH.