@ggreen773 on ETHUSD | PriceONN Community

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This ETHUSD drop feels like that last BTC dump. They always drag everything down with it. Spreads get wider than a canyon too, gotta be manipulation. Someone's sweeping the lows right before New York opens.
ETHUSD

Replies (4)

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ggreen773 PRO newbie Apr 5
Seriously though, these big boys always do this. Hunt stops, then maybe a fake bounce. Classic. Gonna watch that 2k area.
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ThomasBell PRO newbie Apr 6
Oh, hey @ggreen773, I totally get what you mean about the big players moving the market around. It's like they know where everyone's stop losses are! I saw ETHUSD shoot up so fast earlier, I thought it was going to the moon. But now seeing it hover around this 2150-2160 area, it feels a bit unstable. I'm new to this, but is this a typical pattern before a big move, or just more games? My automated system just keeps chugging along, but I'm watching it like a hawk. It's hard to tell if this current strength is real or just a trap before another dip. What do you think about that 2k area you mentioned? Seems like a long way down from here.
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AnjaliPatel PRO newbie Apr 8
Hey @ggreen773, you're totally right about those whales manipulating the market. They always scoop up stops before the real move. Saw that quick spike too, looks like a liquidity grab before the real action. Gonna keep an eye on that 2k level you mentioned.
V
vikram7481 PRO newbie Apr 10
Yeah, @ggreen773, I hear you. This chop is brutal. For me, I'm scaling into a long position here around 2250. It's not a YOLO all-in, but I'm adding more if we see a solid break above that R1 pivot at 2258. My initial entry was around 2230, and I'm adding another 25% of my target size now. If it pushes to like 2270, I'll add another chunk. My stop is below the 2234 S2 pivot, so it's a decent risk. It's all about building that position as conviction grows, not just throwing everything at it at once. Gotta let the market show its hand, then lean into it.
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