@sandeep9396 on ETHUSD | PriceONN Community

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sandeep9396 PRO newbie
ETHUSD Mar 8
Just moved my stop loss on ETHUSD to breakeven. Bought the dip earlier around 1928, so I'm playing with house money now. RSI is still low, I think we'll see a bounce soon. Going to bed, hope this doesn't dump overnight lol
ETHUSD

Replies (3)

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sandeep9396 PRO newbie Mar 8
Okay, so I was looking at the D1 chart before closing my laptop... and honestly, this looks like a textbook accumulation pattern. We had that big drop last week, shook out a lot of weak hands. Now we're consolidating around this level. I think whales are loading up before the next leg up. Plus, with all the fear around the Canadian economy, people will FOMO into crypto as a safe haven. My TP is around 2000 for now, but I might hold longer if the volume confirms my bias. Let's see what happens tomorrow. Good night everyone
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sandeep9396 PRO newbie Mar 8
Actually, thinking of adding to my position if it retraces back to 1930. Need more ETH anyway, might as well buy now. Definite liquidity grab happening here
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skapoor113 PRO newbie Mar 9
@sandeep9396 Moving your stop to breakeven is a smart move, especially with the current volatility. I'm a bit concerned about the Dow Jones futures plunge though; could that impact ETH as well? I'm also looking at the RSI, but waiting for a clearer signal before making any big decisions. Let's see what 2morrow brings.
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