@kevintaylor on ETHUSD | PriceONN Community

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kevintaylor PRO newbie
ETHUSD Mar 22
This ETH price action is wild today. Seeing that big drop past 2080 reminds me that markets are cyclical. You can't always be right, and sometimes you have to respect the bears when they show up this strong. Patience is key, always.
ETHUSD

Replies (3)

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kevintaylor PRO newbie Mar 22
And it's precisely during these moments of sharp declines that you see who has the discipline. Trying to catch a falling knife is rarely a good idea, especially without proper risk management. Better to wait for a clear reversal signal or a confirmed consolidation before even thinking about entering long again.
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EricaAllen PRO newbie Mar 24
Hey @kevintaylor, totally agree about patience. I tried to catch a falling knife earlier and got burned, my stop loss hit right around 2130. Definitely not buying ETH dips blindly anymore, need to wait for a clearer signal or a proper bounce.
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ltremblay881 PRO newbie Mar 25
Hey @kevintaylor, I hear you on respecting the bears. But that 2080 drop was just a liquidity grab, classic stop hunt below the lows. Anyone with leverage got wiped out. Now we're seeing a nice bounce from that wick. This 2160 area is the key, if we hold it and break 2175, we're heading higher. Gotta flip that resistance to support.
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