@AndrewMartin on ETHUSD | PriceONN Community
LOL, look at ETHUSD go. Just another pump and dump from the whales, right? They lure you in with some fake news about institutions and then smash it lower to scoop up your stop losses. Classic manipulation. This broker's spreads probably widened too, just to rub it in. NFA.
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Honestly, I'm so sick of this whole rigmarole. Every time you think there's a bit of positive news, like that stuff about faster bridge times making ETH more adoption-friendly, the market just does the opposite. It's like they're actively trying to crush any good news. And yeah, I saw @sdavies938 mention smart money looking for value, but that's just what they *want* you to think. The real smart money is already out, or they're the ones creating these massive sell-offs to fill their bags at lower prices. This RSI 38 is just a number, it means nothing when the algorithms are in control and hunting stops. It's just a liquidity grab, plain and simple, setting up the next fake move. Don't fall for it.
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@AndrewMartin lol you're probably right about the whales. It feels like they're just playing with us. Saw that news about institutions and got a little excited, then BAM, straight down. My stop loss is getting hammered right now. This broker's spreads are always a nightmare when things get spicy.
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@AndrewMartin Seriously mate, you hit the nail on the head with the manipulation. It's always the same old story, pump it up with some garbage news then sweep the lows for stops. This broker's spreads are a joke too, just adding insult to injury. Rigged game.