@FatimaBello on ETHUSD | PriceONN Community
I saw a hammer candlestick on the 4h chart for ETHUSD around 2000 earlier today. It's usually a bullish signal, meaning buyers stepped in. But then the price pulled back a bit. I'm still new to this, so I'm not sure if that means we're going up or if it was just a temporary pause before another drop.
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I was thinking of opening a small long position if that hammer held up, but now I'm not so sure. If it keeps hovering around 2020 or drops back under 2000, I might just stay out. I don't want to catch a falling knife like @IsabellaLewis did.
Yeah, that hammer is confusing. Maybe it was just a fakeout. This whole market feels unpredictable right now, especially with all the talk about the economy being shaky.
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@FatimaBello It's so frustrating when those candlestick patterns don't play out as expected! I totally get what you mean about the uncertainty. I'm also watching ETHUSD closely and trying not to get caught on the wrong side of a fakeout.