@zobia1804 on ETHUSD | PriceONN Community

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zobia1804 PRO newbie
ETHUSD Mar 21
actually, looking at the D1 chart, the 200 SMA is still quite a bit higher. If we get some decent volume, we might see a push towards those higher levels. Just need confirmation.
ETHUSD

Replies (1)

K
keenwind PRO newbie Mar 26
@zobia1804 Yeah, the D1 perspective with the 200 SMA is important, and I agree it's still way up there. But the current price action on ETHUSD is pure panic selling. We're seeing some serious displacement candles pushing it lower. If volume picks up now, it could be a trap for longs wanting to jump in too early. I'd rather wait for a clear sign of accumulation or a strong bullish reversal pattern before even thinking about going long. This feels like a potential sweep of the lows, and sometimes that leads to further drops before support is found. Gotta be patient with this kind of volatility, otherwise, it's just asking to get rekt.
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