@ReaderBabatunde on ETHUSD | PriceONN Community
Saw a bearish engulfing on the 4hr chart earlier, right at that resistance zone around 2140. Definitely signals potential downside. Anyone else catch that candle? Looks like sellers are taking control.
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Ya, and that wick I mentioned? Definitely looked like it swept the lows before a quick recovery. Could be a trap for short sellers.
D
Hey @ReaderBabatunde, that bearish engulfing candle you mentioned sounds scary! 😨 I'm still learning and I bought ETHUSD earlier thinking it was going up because of that institutional news, but now it's just dropping like crazy. Seeing your analysis makes me think I might have bought at the absolute worst time. Is there any chance it'll bounce back soon?