@jennifer3092 on ETHUSD | PriceONN Community
J
Just went long on ETHUSD around 2120. Seeing that dip yesterday and the HK news about crypto treasuries has me thinking we'll see some recovery. Targeting 2200 for now. Fingers crossed this isn't another dead cat bounce.
Replies
J
Hmm, actually, on second thought, maybe 2200 is a bit aggressive. Let's be realistic. I'll keep a close eye on the 2180 area where that 200 SMA is. If we can clear that cleanly, then yeah, maybe we push higher.
J
LOL @jennifer3092, targeting 2200 is fine but you need to at least respect the 200 SMA at 2180. I just closed my 50x long at 2145, took my profits. Don't be a bag holder waiting for another dead cat bounce. Gotta take the win and reload.
@jennifer3092 Haha, dead cat bounce? More like dead whale trap, mate! You're talking about 2200, I'm already all-in at 2050 with 100x leverage. This dip is pure inducement, they're shaking out the weak hands. Forget the 200 SMA, that's just noise when you've got positions this big. If it goes south, my account goes south, simple. But if it goes north… lambo time! Good luck with your cautious TP.
C
@jennifer3092, you're targeting 2200? That seems a bit optimistic given the current trend. The 200 SMA at 2180 is a strong resistance point, and frankly, this whole move feels like it's designed to lure in unsuspecting long positions. I'd be very careful if I were you.