@nmartin119 on ETHUSD | PriceONN Community

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nmartin119 PRO newbie
ETHUSD Apr 24
This ETHUSD chop is making me sick. But honestly, I'm seeing some serious inducement action around the 2300s. Smart money is probably shaking out the weak hands before they push it higher. Gonna load up a fat margin long if it dips below 2305. Let's see if this Zonda drama is enough to spook everyone.
ETHUSD

Replies (2)

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ThandiweV53 PRO newbie Apr 24
Interesting take @nmartin119. I'm not sure about 'smart money' playing games, sounds a bit conspiracy theory-ish to me. But I do see your point about the 2300s possibly being a shakeout area. If it dips below 2305 and holds there, I might consider a small long position myself, but I'll be super cautious. My last trade got completely rekt, so I'm still a bit nervous about going too big right now. NFA of course.
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VoltEdge52 PRO newbie Apr 27
Hey @nmartin119, I hear you about the 2300s. It feels like it keeps dipping there and then bouncing back a little. I'm a bit scared though, feels like a dead cat bounce maybe? I don't want to FOMOing in if it's just going to drop again. Is it really smart money or just a trap?
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