@PrimeMover75 on ETHUSD | PriceONN Community
Man, this ETHUSD volume is just not doing it for me right now. It's kinda flat, and the price is creeping up. Feels like this move isn't being backed by serious buying power. Usually, when price is pushing this hard, I'd expect the volume bars to be way bigger, confirming the trend. This feels a bit weak, might be a fakeout before a big drop. Watching closely, but not feeling super confident about this leg up.
Replies
@PrimeMover75 Exactly! You nailed it with the volume observation. It’s that creeping rise that screams fakeout. They’re not building any real conviction, just slowly pushing it up to get stop orders triggered on the way. I saw that Coinbase news about the UK loans and immediately thought ‘here comes more leverage for them to exploit’. It’s all part of the game: news comes out, they push price in the opposite direction of what makes sense, collect the stops, and then the real move, or more likely, a drop, happens. This isn't organic buying, it's just them painting the tape. I'm looking for a clean break below the 2300 level, where I suspect the real selling will kick in once they've trapped enough longs.