@AshleyWilliams9 on BTCUSD | PriceONN Community
Ugh, just got stopped out on my long at 74500. Was watching that 74700 resistance and figured it would break through, but nope. Price just tanked hard and hit my SL before I could even blink. Seriously, this market is so choppy right now, feels like gambling.
Replies
Yeah, that stop loss was brutal. Was hoping to see price push past the 74700 area because of that news about people wanting to sell around 76k, thought it might be a shakeout before a bigger move. But honestly, trying to catch a breakout there was probably too aggressive. Now I'm just watching, trying to figure out if this is just a fakeout dip or if we're actually heading lower. Saw some chatter about a potential FVG down around 73k, but that seems so far away now. Guess I'll wait and see if support around 74k holds.
K
Oh man @AshleyWilliams9, I feel you! Getting stopped out like that is the worst, especially when you're going for a big move. I've been there a million times, it’s like the market just waits for you to commit and then CRASH. I don't even use stop losses half the time because I'm on 50x leverage and I figure if I get stopped out, that’s just admitting defeat too early. Better to just ride it out and hope it turns around, right? Or, you know, just accept the margin call and reload for the next YOLO. This choppiness is actually kind of fun though, more chances to hit that big liquidation price on the other side!