@ChloeW42 on ETHUSD | PriceONN Community
C
Well, that was a brutal day for ETHUSD. I had a swing position open around 2130, expecting a bounce off the 50-day SMA. Set my TP at 2180 and SL just below the 20-day at 2100. Saw the price start tanking hard and my SL got hit. Lost about 0.7% on that trade. It’s frustrating because the indicators looked decent earlier, but this sudden drop, possibly linked to that quantum threat chatter, just wiped out the setup. Gotta respect the downside though, it’s definitely bearish right now. Back to the drawing board, maybe look for shorts if it keeps this momentum.