@nehasailor on ETHUSD | PriceONN Community
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Watching this ETHUSD move after seeing some YouTube vids about order blocks. They say if price breaks an OB with strong displacement, it might retrace back to it for an entry. Seeing that sharp rise earlier, wonder if it's gonna come back down to test that 2290 level.
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Yeah, especially with the RSI looking so high now. Seems like a big pump already happened.
Hey @nehasailor, I saw that displacement candle you're talking about too, that was a crazy move up earlier! But yeah, with the RSI already looking pretty high and this news about the SPAC merger being scrapped, I'm not sure if ETHUSD will retrace back to 2290 like those order block guys say. Feels like too much selling pressure building up. Maybe it was just inducement to trap longs before another leg down? I'm watching the 2170 area, that seems like a key support zone to hold. If that breaks, we could see a bigger move lower, maybe even retesting those 2150 lows again. Definitely feels risky to go long right now.