@kMirza68 on ETHUSD | PriceONN Community
K
Seriously? All this talk of rate hikes and ETH breaking S2? This looks like a textbook bear trap setup. They're trying to scare everyone out of their positions before the real pump begins. I'm loading up more on margin right now.
Replies
Hey @kMirza68, I hear you on the bear trap sentiment. It's definitely a possibility with how choppy things have been. However, I'm seeing the 50 SMA and 200 SMA still above current price on the daily, and the RSI is sitting right at 53.5, which feels pretty neutral to me. I'd be cautious about going full margin on a potential bear trap, might be better to wait for a clearer signal or break of resistance around 2060.