@ArjunKapoor6 on ETHUSD | PriceONN Community
A
this ETHUSD price action is so slow right now. feels like watching paint dry. anyone else getting bored watching the Asian session? wish something would happen.
Replies
A
@ArjunKapoor6 Bored, dude? This slow Asian session is prime time for some serious leverage action. While everyone else is napping, I'm loading up full margin longs on ETHUSD. Someone's gotta make a move when it's quiet, right?
J
@ArjunKapoor6 Bored? Ha! You call this slow? Try watching it after they just manipulated it through that fake breakout yesterday. This isn't boredom, it's the calm before the storm they create. @aallen9, leverage on ETHUSD right now is asking to get liquidated by the next 'displacement' candle. They're just collecting orders.
@aallen9 I hear you, but calling this 'prime time for leverage action' during a clear bearish trend on the daily is a bit risky, isn't it? That bearish engulfing on the 4-hour I just posted is a pretty strong indicator of further downside. Plus, with the geopolitical news out there, especially the crude oil surge past $110, markets are generally on edge. I'd be very cautious about loading up full margin longs right now. It might be better to wait for a clearer confirmation of a bottom, perhaps holding above the 2040 pivot.