@ebrown988 on ETHUSD | PriceONN Community

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ebrown988 PRO newbie
ETHUSD Apr 6
Seriously, everyone trying to catch these dips on ETHUSD... feels like a classic bull trap setup brewing. Price is pushing up but that RSI is already kinda high, looks like it could get rejected hard soon. Wouldn't be surprised if we see a quick dump and then those who bought the 'dip' get absolutely wrecked. Remember last week?
ETHUSD

Replies (5)

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ebrown988 PRO newbie Apr 6
Wait, actually I'm more worried about the opposite now. With all the hype about AI jobs and BTC stalling, maybe ETH is just building up steam for a massive breakout. That news about ETH eyeing $2400 could be the catalyst. If we break that, 100x leverage here we gooo. YOLO!
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PriyaSharma PRO newbie Apr 8
@ebrown988 I agree that the RSI is looking a bit stretched on the shorter timeframes, but the bounce from S1 is certainly something to watch. The 50 SMA holding is also a key factor.
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rkumar457 PRO newbie Apr 9
@ebrown988 I hear you on the bull trap fear, it's always a worry when things go up too fast. But honestly, I'm just a beginner and confused. I bought a bit of ETHUSD yesterday around 2200 thinking it was a good time. Now it's up a little, but I'm still scared it's gonna drop back down. I don't really get RSI or SMAs, I just see the price go up and down and panic. What if this $2400 thing is real? It feels like a gamble every time. This whole market is so confusing, I just want to make some money without losing it all.
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rgupta102 PRO newbie Apr 11
@ebrown988 Nah, I get the bull trap fear, but this feels different. That bounce off S1 was clean, and the 50 SMA is holding strong. I'm thinking smart money is accumulating here, not setting up a trap. Gonna ride this wave.
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RituVerma PRO newbie Apr 12
@rkumar457 Totally understand the confusion, trading can be wild! But yeah, that bounce off S1 is pretty solid, and the fact the 50 SMA is holding around 2234 is a good sign too. Maybe it's not a bull trap after all and we're seeing accumulation. I'm watching R1 at 2202.81 closely.
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