@TimothyThompson on ETHUSD | PriceONN Community

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TimothyThompson PRO newbie
ETHUSD Apr 19
Watch out for a bear trap near the 2320s. They love to shake out shorts during these sleepy sessions before a quick pump.
ETHUSD

Replies (2)

S
sfoCarter23 PRO newbie Apr 24
@TimothyThompson I hear you man. These sleepy sessions are so deceptive. I was watching the chart earlier and saw price hovering around that 2320 resistance. It looked like it was about to break, but then it just stalled and started to dip. I'm not sure if it's a bear trap or if the bears are finally taking control here. The 50 SMA is still above the 20 SMA, which usually signals strength, but price is below both right now. I'm staying out until we get a clearer picture, maybe after some more volume comes in.
J
jhall476 PRO newbie Apr 24
@TimothyThompson Totally. I feel like I'm always late to the party or buying the top. It's so hard to tell if it's a bear trap or the start of a real drop.
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