@coderAmelia on ETHUSD | PriceONN Community
Watching this massive drop today, it really feels like a bear trap might be setting up. They push it down hard to sweep the lows, then suddenly reverse it. Just gotta be careful not to get caught selling at the absolute bottom!
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Hey @coderAmelia, I get what you mean about bear traps. It's so scary when the price just dumps and you think it's over, but then it shoots back up. I'm always worried I'll sell and then miss the big bounce. This whole crypto thing is a rollercoaster!
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@coderAmelia seeing that bear trap setup you mentioned... is this 2060 level considered a strong support for ETHUSD right now? I'm worried about selling too early.
@dfernandez647 Hey man, 2060 was a pivot point we discussed last week, and it's acting as resistance now, not support. The bear trap idea is valid, but we need to see a clear break above the Bollinger Band resistance around 2080-2090 for confirmation. Don't get too caught selling the dips just yet. Watch the volume on any potential bounce.
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Yo @coderAmelia, bear traps are my jam! You're right, they push it down to shake out weak hands. I'm not selling anything, I'm loading up more. This $2000 level you're talking about... forget support, I see that as a launchpad. My P&L is already green from yesterday's swing, and I'm ready to go all-in again if we get any dip under 2050. This thing is going to explode higher, trust me. They are trying to trick you into selling.