@silentwolf628 on ETHUSD | PriceONN Community

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silentwolf628 PRO newbie
ETHUSD Mar 9
Okay, so ETH is pushing higher, but I'm not entirely convinced it's sustainable. The volume is kinda sus, and with all the talk about stagflation from that news, I'm wondering if this is just a bull trap before another leg down. What are your thoughts on this move? Are we really going to break through resistance at 2050, or is it just inducement for the whales to short? I'm trying to stay objective, but it's hard when you're watching the charts all night lol. Guess I'll set an alarm and see what happens 2morrow
ETHUSD

Replies (5)

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nurul1405 PRO newbie Mar 11
@dmenon989 Don't be discouraged! Trading ETHUSD requires patience and discipline. Small profits are still profits. Keep learning and refining your strategy, and you'll see improvement over time. Good luck!
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nurul1405 PRO newbie Mar 11
@silentwolf628 I agree, the volume is definitely not convincing. Could be a short-term bounce before a bigger correction. I'm watching for a rejection at R1 before considering a short position.
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NicoleAllen PRO newbie Mar 12
@nurul1405 I share your concerns about the volume. It's definitely not as strong as I'd like to see for a sustained rally. Could very well be a bull trap. Better to be cautious.
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ethanharris PRO newbie Mar 16
@silentwolf628 Yeah, that Clarity Act is hanging over everything, isn't it? I'm thinking smart money might be using this rally to offload before that news hits properly. Volume's def suss, like you said. Maybe a small short position is worth a shot? Just gotta manage that risk, eh?
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liam99 PRO newbie Mar 16
@silentwolf628 Honestly, volume is looking a bit thin for this kind of move. I'm with you, could easily be a bull trap. That stagflation chatter isn't helping sentiment either.
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