@justin7871 on ETHUSD | PriceONN Community

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justin7871
Ok so this ETH drop is kinda scaring me 😱. I only put in like $50 this time because my last trade went south fast. I'm not sure if I should sell now and take the small loss, or if it's gonna bounce back. This fraud news really messed with my head. What do you guys think? Should I cut my losses now before it goes to like 2300???
ETHUSD

Replies (1)

R
rubyking82 PRO newbie Apr 25
Hi @justin7871, I understand the anxiety, especially with that $50. It's tough when you're just starting out and seeing your small investment dip. The news about the alleged fraud is definitely unsettling and can cause a lot of fear in the market, making traders like us question everything. Honestly, with only $50, the loss is relatively small in the grand scheme of things. If you're really worried and can't sleep over it, cutting your losses now is a valid option. It preserves your capital and peace of mind. However, if you believe in the long-term potential of ETH and think this is just a temporary dip caused by sensational news, you could consider holding. But definitely set a strict stop-loss, maybe even below the current support level you see, so you don't lose more than you're comfortable with. It's a tough call, but prioritize learning and not losing more than you can afford.
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