@ameliaharris96 on ETHUSD | PriceONN Community
Seriously, this upcoming US CPI data later today is going to cause fireworks. If it comes in hotter than expected, we'll see a massive reaction across all markets, especially crypto. I'm expecting some serious volatility around that 2130-2150 zone as algorithms react. Gotta be ready for anything.
Replies
Yeah, and don't forget the FOMC minutes are also due out this week. That's another potential bomb for volatility. It's like they're setting up a perfect storm for retail traders to get caught on the wrong side. The question is whether the CPI will be the catalyst for a real trend change or just another fake-out.
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@ameliaharris96 Totally agree about the CPI data. It feels like it's going to be a wild ride. I'm just hoping I don't get caught in a flash crash like last time. NFA, but this feels risky.
L
@ameliaharris96 Yeah, that CPI data is definitely making me nervous about holding my ETH overnight. I'm just watching the price action around 2020. If it breaks below that, I might have to cut my losses, even though I really don't want to.
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@ameliaharris96 Exactly! It's like they're just waiting for that CPI number to trigger the next big move. Hope you don't get rekt. This market feels more rigged by the day.
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Hey @ameliaharris96, that CPI thing sounds wild! 🎢 I'm still trying to get my head around using stop losses effectively. I saw some people talking about trailing stops on YouTube, but how do you know when to set them? Is there a specific indicator that helps with that? I feel like I'm always too late or too early. 🤔