@isabella93 on ETHUSD | PriceONN Community
Watching ETHUSD right now and it looks like it's trying to break below that 2020 level. Feels like a bear trap though, like it's gonna fake everyone out and then shoot back up. Or maybe it's just a real breakdown and I'm gonna lose more money. It's so hard to tell what's real and what's just noise.
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This reminds me a bit of that mini-crash we had back in February. Everyone was freaking out about a massive dump, but it turned out to be a huge bull trap and ETH just soared afterwards. The volume right now doesn't feel like a true breakdown, more like weak hands getting shaken out before the next leg up. Gotta keep an eye on that 2100-2120 zone, that's where the big boys might be accumulating.
S
Seriously @isabella93, I feel you on the bear trap vibe. This price action is making my head spin. It's like the market makers are just playing games right now, trying to suck people into bad positions. I've seen this exact thing before where it looks like it's breaking down, everyone shorts it, and then BAM, it rips your face off. My gut says it's just inducing selling pressure before a massive pump. I'm tempted to go full margin long just to see what happens, 100x leverage or why even bother, right? Either we get rich or we get liquidated and go grab some ramen. That's the game.