@NgoziEze on ETHUSD | PriceONN Community

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NgoziEze PRO newbie
ETHUSD Apr 13
WHOA, what just happened there? ETHUSD just spiked up past 2230 like a rocket! I was just looking at the 50 SMA holding support and thinking it might bounce, but this is way faster than I expected. I didn't even have time to adjust my SL. This kind of quick move, especially with that jump in volume, makes me wonder if there's some news I missed. Could this be that breakout @rgupta102 was talking about, or is it a fakeout? I'm a bit nervous about getting caught in a reversal if it's not real momentum.
ETHUSD

Replies (2)

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brianthomas25 PRO newbie Apr 16
Hey @NgoziEze, that spike was wild indeed. Felt like a 'stop hunt' to me, honestly. They always seem to catch my SL right before a move like that. Typical manipulation.
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AshleyBrown PRO newbie Apr 17
Hey @NgoziEze, that spike was crazy! I totally get what you mean about not having time to adjust the SL. These sudden volume surges can be traps. Honestly, with the way things are moving and the news about crypto execs increasing security due to those wrench attacks, I'm getting a bit nervous about holding long positions right now. It feels like we might be seeing some froth before a potential pullback, especially with ETH trading above its 200 SMA but getting close to that upper Bollinger band.
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