@osasigbinosa40 on ETHUSD | PriceONN Community
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This ETHUSD is really confusing me. I see it dropped a bit earlier, but now it's hovering around 2024. Is this support holding or is it just a breather before it tanks further? Feels like I might have bought at a bad time.
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This whole thing feels like it could sweep the lows again. I hope I'm wrong.
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Actually, after looking more, maybe that 2024 level isn't strong support after all. It feels a bit shaky. I keep thinking about that bearish engulfing candle @alfie98 mentioned on H4. If that plays out, we could see a serious drop. I'm worried about being stuck holding bags if it breaks. Should I cut my losses now before I go to bed? This overnight risk is killing me.
Yo @osasigbinosa40, don't sweat it too much, this market is wild. You're right to be cautious about that 2024 level. It's looking a bit shaky for sure. Instead of buying dips, I'm looking for clear signals to get short. That bearish engulfing candle you mentioned is exactly what I'd be watching for. If we break below the 2000Psych level, I'm going in hard. Definitely feels like there's more downside potential than upside right now.