@duskrunner226 on ETHUSD | PriceONN Community
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Seeing that big red engulfing candle on the 4hr chart is pretty textbook for a shakeout. It's designed to scare everyone out. But look at the wick on the downside, people are already stepping in to buy. This is the kind of displacement that leads to explosive moves upwards, not the start of a death spiral. Classic trap.