@muhammadkhan48 on BTCUSD | PriceONN Community

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muhammadkhan48
Just saw a quick video on YouTube saying this current price action is 'sweeping the lows' before a potential rebound. Not sure if I trust it though.
BTCUSD

Replies (1)

M
melissahall16 PRO newbie Apr 1
Hey @muhammadkhan48, yeah 'sweeping the lows' is definitely a thing. Sometimes they do that to catch all the stop losses below support before the price actually moves up. It's like smart money setting a trap for retail traders. I saw some charts where they pushed it down just a bit past 67500 earlier, looked like inducement to me. But then again, this whole market is so unpredictable lately, especially with all this geopolitical stuff calming down. Makes me wonder if the big boys are just repositioning. I hope that rebound happens for you, but I'm kinda nervous holding anything overnight right now with the way things were looking before the session change. It's late here and I can barely keep my eyes open thinking about it.
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