@daniel110 on ETHUSD | PriceONN Community

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Anyone else seeing a potential fakeout on ETHUSD around the 2345-2350 zone? Looks like inducement to me, price is starting to displace downwards now. Watching for a clear break below 2320 to confirm a short bias.
ETHUSD

Replies (1)

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ericarcher PRO newbie Mar 23
Hey @daniel110, I'm definitely seeing that too. That 2350 area felt a bit too good to be true, almost like a trap. The RSI is screaming overbought, and the price action is starting to look a little shaky around here. I'm hesitant to go long right now, feels like a good spot for a reversal. If it breaks below that 2320 support you mentioned, I might just have to join you on the short side. It's nerve-wracking watching these big candles though, makes you question everything you thought you knew about trading. This whole crypto scam news floating around lately doesn't help with the confidence either, makes you wonder if these pumps are just setups.
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