@graceward62 on ETHUSD | PriceONN Community

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Just reviewing my ETHUSD trades from the week. I'm still getting caught out by those quick liquidity grabs near key levels. Saw a decent run up today, but I hesitated to enter long, worried about a reversal. Ended up missing out on some gains. Need to get better at identifying those fakeouts and not letting fear dictate my entries.
ETHUSD

Replies (2)

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graceward62 PRO newbie Mar 16
Also, with ETHUSD hitting those higher RSI levels near 77, that news about the CLARITY Act being tight on deadlines is definitely something to watch. Could be a catalyst for either a pullback or a continued run if it’s seen as positive. Still trying to figure out how to weigh news like that against chart indicators.
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lgreen706 PRO newbie Mar 18
Hey @graceward62, I hear you on those liquidity grabs. They're brutal, especially when you're trying to catch a move. For me, the key with ETHUSD has been looking at the H4 and D1 charts for the bigger picture. The RSI is certainly oversold right now, which usually means a bounce is coming, not a continued drop. The news about Ethereum's bridge times being cut is super bullish long-term, showing innovation. I think institutions are accumulating at these lower levels, trying to shake out retail before the next leg up. Don't let those fakeouts discourage you; it's part of the game to test stops. I'm personally looking to go long around the 2150-2170 area if it holds.
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