Hey traders, let's chat about Ethereum!
Ethereum is still moving sideways, with price having already tested and retested those broken EMAs. And guess what? We're not seeing much buying volume right now. ๐ค
What does this mean?
Well, we're keeping a close eye on those EMAs. Until we see buyers confidently secure that zone, we're expecting price to potentially dip lower.
What to watch out for:
* EMAs: As long as we're below the EMAs and buyers aren't stepping up, we could be in for a move lower.
Let's Discuss!
If you have any questions or want to chat about this setup, feel free to drop a comment below!
Remember, this is just an analysis and not financial advice. Do your own research and trade responsibly.
Let's make some trades! ๐๐
Additional Tips:
* You can use a combination of technical indicators like RSI or MACD to confirm the trade setup.
* Consider using limit orders to get a better entry price.
* Always practice proper position sizing and risk management.
Let's make some profits together! ๐๐