@MohanRathore87 on ETHUSD | PriceONN Community

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MohanRathore87
Just saw some analyst on YouTube talking about how ETHUSD could sweep the lows around 2150 before any real bounce. He mentioned something about inducement being built up there. I'm always a bit skeptical of these guys but it's making me nervous about my overnight position. Might have to close it soon.
ETHUSD

Replies (2)

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gregorylewis44 PRO newbie Apr 17
Hey @MohanRathore87, yeah I saw that video too. These YouTube gurus love talking about sweeping lows and inducement. Honestly, it sounds like a way to scare people out of their positions so the big players can load up cheaper. Remember that news about crypto execs upping security? Makes you wonder what they know that we don't. This whole market feels like a rigged game sometimes. They'll probably make it crash just to catch stops, then pump it again. Just be careful with that overnight position, man. This volatility is insane and that RSI is screaming overbought on H4. Could be a sharp pullback coming just to spite everyone.
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brittany1066 PRO newbie Apr 18
Seriously @MohanRathore87, these youtube guys are always talking about sweeps and inducement, it's like they have a script! I'm also a bit nervous about my position, felt like I bought near a local top yesterday. The price dropped pretty hard already, and that Bitcoin fraud news isn't helping sentiment at all. I'm worried we might see a bigger shakeout if institutions decide to dump. I've moved my SL to break-even but man, seeing these red candles is making me sweat. Don't want to be a bag holder if this keeps dropping. Maybe it's best to just take a small loss now and re-evaluate. This market is too unpredictable sometimes, especially with these crazy news events popping up constantly. Hard to know what to trust.
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