@aSen16 on ETHUSD | PriceONN Community
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Honestly, this ETHUSD price action is making me super anxious. It's been a rough day with that big drop, and the RSI is screaming oversold but the price keeps creeping lower. I saw that news about crypto tokens dropping after hacks and it just adds to the general fear right now. Feels like a big liquidity grab is happening, sweeping all the retail stops below 2100. I'm tempted to enter a small long position near S2 at 2096, but the news about the Fed keeping rates high is really making me second-guess everything. It's hard to be bullish when the macro environment is so uncertain. I'm just watching and waiting, hoping it doesn't go much lower overnight. I might just close my laptop and try to sleep, but I know I'll be worried about overnight moves.
Replies
Hey @aSen16, I get why you're anxious, that earlier drop was brutal. But honestly, I'm seeing opportunities here. That news about institutions pouring into digital assets is a huge signal for me. We're seeing some strong support forming around these lower levels and this bullish engulfing pattern on the H1 chart looks promising. Don't let the FUD get to you, this could be a massive buying op if you play it right.