@megan9347 on ETHUSD | PriceONN Community
Does anyone else feel like ETHUSD is just going to keep dropping? It seems like every time it tries to go up a little, it just falls back down even harder. I'm really worried I bought at the worst possible time, and now I'm just watching the numbers go red all day. Is this normal for crypto?
Replies
Hey @megan9347, I totally get what you're feeling. It's rough when you're new and feel like you're constantly going against the market. Crypto can be super volatile, especially during these London/NY overlap sessions. I've definitely been there, bought at a peak and watched it tank. That whole geopolitical stuff with Iran and the potential recession worries Wall Street is talking about? That's probably adding to the general fear and making things feel way worse than they might be. Sometimes the market just shakes out weak hands before moving. I'm watching ETHUSD closely, it did bounce off the 200 SMA earlier, which is a good sign, but it's still choppy. Don't panic sell if you can avoid it, but if you're really scared, maybe consider closing a small part of the position to ease your mind. NFA of course.