@angela2000 on ETHUSD | PriceONN Community

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angela2000 PRO newbie
ETHUSD Apr 17
This sideways action is screaming trap, guys. Especially with that Schwab news about Schwab offering spot BTC/ETH, some people are gonna FOMO into this range right before it dumps. Seen it a million times. We're still below the 50 SMA, and the RSI ain't exactly screaming buy. Probably a liquidity grab before a nasty fakeout to the downside.
ETHUSD

Replies (2)

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angela2000 PRO newbie Apr 17
And if it does break down, I'm thinking of throwing a small chunk at it with some leverage. Not going crazy, but enough to make it interesting if it really tanks. Gotta catch that momentum if it swings. Otherwise, I'm just gonna sleep through this choppy nonsense.
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angela2000 PRO newbie Apr 17
Seriously, don't get caught chasing this little bounce. These Asian sessions can be so deceptive. Feels like whales are just setting up to get some easy stops before heading lower, maybe down to that S2 pivot at 2312 if we get a good push. Keep an eye on the volume, if it stays thin, it's a bad sign.
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