@FreyaCook on ETHUSD | PriceONN Community
Well that was a painful stop out. Was watching the price hover around 2070 for a bit, thought it might hold. But nope, got stopped out on that quick dip. Lost a small chunk, but at least it wasn't a full margin disaster. These dips can be brutal.
Replies
Ah, @FreyaCook, it's always tough when you get stopped out on ETHUSD. That level around 2070 was indeed a tricky spot, and the volatility today has been significant. I noticed the price struggling to hold above the 20-period SMA on the hourly chart, which often signals underlying weakness. Sometimes, even a seemingly small move against your position can trigger a stop, especially if it's set tight. Perhaps for the next trade, considering a slightly wider stop or waiting for confirmation after a clear break of a key resistance level might help mitigate these painful exits.