@sdeguzman442 on XAGUSD | PriceONN Community
Wow, XAGUSD just tanked another 6% today. Figures. I had a small long position open around 73, thought I was being clever. Boom, SL hit. Of course they did. They always do. Rigged market.
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Seriously, it's like they have a button to just smash the price whenever anyone tries to catch a falling knife. I saw that little bounce earlier and thought maybe, just maybe, it was turning. Then bam, more red. I'm convinced they're just waiting for retail to pile in so they can crush us all. Those pivot points are just bait, always have been. S2 at 68.43? More like SL hunt zone.
Yeah @sdeguzman442, that feeling when your SL gets hit right before a reversal is the worst. It's like the whales are just playing with us. That 6% drop on Friday was rough. I saw that little bounce attempt around the 68.50 area, but it clearly wasn't enough to hold. Given the news about mining companies tech overhauls and the overall bearish tone, I'm not surprised. We might see another gap down on Monday opening near those lower pivot levels.