@JackY66 on ETHUSD | PriceONN Community

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J
JackY66 PRO newbie
ETHUSD Apr 5
Anyone else seeing this massive wick on the 15min chart? Looks like a liquidity grab to me, price got pushed down hard and then bounced back up quick. Trying to figure out if this is a sign of strength or just a trap before another drop. What do you guys think?
ETHUSD

Replies (1)

jbailey845
jbailey845 PRO newbie Apr 7
Hey @JackY66, I saw that wick too! Definitely looks like a trap to me. They pushed it down hard to get the weak hands out, but I think the 200 SMA is holding strong. I'm going to load up a heavy long position if it tests that level again. 100x leverage or why bother, right?
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