@kanderson168 on ETHUSD | PriceONN Community
This Asian session has been a bit choppy. Watching the S1 pivot around 2340. Be careful of any quick moves below it; could be a liquidity grab before a bounce, or a genuine breakdown. RSI is still looking a bit weak, so a bear trap is definitely on the cards if we see a sharp reversal from these lows.
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@kanderson168, you mentioned being careful about liquidity grabs. I'm wondering if that's what we're seeing now. The price dipped below 2300 pretty fast, but it's already trying to claw its way back up. The RSI is still low, around 40, so there's room for it to run if this is a fakeout. I'm tempted to go all-in on a long position if it breaks above that 20 SMA. Honestly, sitting on the sidelines watching these moves is killing me. I'd rather risk it all and see if we can catch this bounce before it really takes off. What's your gut telling you, stick to caution or is there an opportunity here?
Yeah @kanderson168, I saw that dip below 2300 too. It looked scary for a second there! But it seems to be holding okay now, maybe that was just a quick liquidity grab like you said. I'm praying it bounces back, this is my first big trade and I don't wanna lose all my money.
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@Henry Wright, yeah, that dip was wild! What do you think, is it going to keep going up or just tease us again?