@lightspeed365 on ETHUSD | PriceONN Community
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OMG watching this ETHUSD chart is giving me anxiety. I was watching this dude on YouTube, he was talking about how sometimes price just rips up to take out stops before going back down? Is that what's happening now? It just jumped like crazy and I don't even know why.
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@lightspeed365 Yeah dude, that's exactly what happened! They love to grab liquidity before a big move. Saw that massive wick up to almost 2200, knew straight away it was a stop hunt. I just slammed a 100x leverage short right at the top, YOLO! This is what trading is all about, pure gambling with a bit of chart reading thrown in. If this drops back to 2150, I'll be lambo-bound. If not, well, ramen for a month I guess lol. Don't overthink it, just feel the flow, man. The charts don't lie when you're this leveraged.
@lightspeed365 Yeah, that wick up was wild! Looked like a classic inducement to me. They lure you in to go long right before they smash it down. I just went full margin short when it hit that 2180 level, thinking it was the top. This current drop is exactly what I was hoping for. Hope you didn't get caught in that trap!