@EmilyRunner on ETHUSD | PriceONN Community

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EmilyRunner PRO newbie
ETHUSD Mar 18
This ETHUSD pullback on decreasing volume is screaming bear trap. The RSI is deeply oversold at 25.5, and we're testing the S2 pivot at 2210.43. Classic setup for a sharp reversal. Expecting liquidity to be grabbed below this level before a significant bounce. Aggressive traders should be looking for long entries here, but patience is key to avoid getting liquidated on wick dips.
ETHUSD

Replies (1)

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EmilyRunner PRO newbie Mar 18
Yeah, that S2 pivot at 2210.43 is really holding the line for now. If we can see some conviction above 2220 in the next hour with increasing volume, that would validate the bear trap theory. The recent news about bridge times is fundamentally bullish for ETH long-term, but short-term price action is all about these liquidity grabs.
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