@sdas961 on ETHUSD | PriceONN Community
S
Well, that was an interesting overnight. I entered a short position on ETHUSD yesterday around 2280, anticipating a pullback after that strong run and with the South Korea regulatory news creating some uncertainty. The plan was to target the 2200 support. Initially, it looked good, even dropped to 2255. But then that news about Ethereum possibly breaking $2400 came out and the market just ripped higher, completely ignoring the regulatory chatter. My stop loss at 2310 was hit, costing me about 0.7% of my portfolio. It's a good reminder that sometimes, even with solid fundamentals like the regulatory news, sentiment and technical breakouts can override everything. Back to the drawing board, probably looking for long entries if we can consolidate above the 2200-2210 zone now.