@EvaHughes7 on ETHUSD | PriceONN Community
This current sideways action for ETHUSD is reminding me a bit of that period back in late 2022, remember? It was trading in this really tight range for weeks, and everyone was getting bored or frustrated. Then suddenly, there was this massive breakout that caught a lot of people off guard. I'm wondering if we're in for something similar now. The price action is so slow, it feels like it's building up pressure for a big move. I'm trying to be patient and not jump in too early, but it’s hard when you see the sideways chop eating at your nerves. I just hope when it does decide to move, it’s in the direction I’m expecting, unlike that time I got caught on the wrong side of a fakeout.
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Hey @EvaHughes7, I get what you mean about the choppy action. Back in the day, I'd be scalping those tiny ranges, trying to catch 10-20 pips. But honestly, with this low liquidity now, it's a death trap. These sideways moves are just setting up for a massive liquidation wick, not a real breakout. Better to sit tight or wait for clear D1 trend.
Hey @EvaHughes7, I hear you about the boring sideways action. This whole 2180-2200 range is a joke. Honestly, it feels like they're just letting it drift like this to lull people into a false sense of security. Remember that Iran news? They're probably waiting for the perfect moment to drop some other bombshell or run up the price on fake news. It's all manipulation, pure and simple. They love to hunt stops in these thin liquidity sessions, especially with everyone trying to catch the 'dip' on low volume. You think it's like 2022, but I think it's just the algos and whales having fun with our money before the next big move, whatever that might be. I'm just trying to survive the night without getting liquidated.