@justin7871 on ETHUSD | PriceONN Community
Ugh, this ETHUSD drop is brutal. 😭 I bought it at like 2080 thinking it was gonna go up. Now it's down past 2040 and my stop loss is still set way lower. Should I just cut my losses now?? This is so stressful, my first big trade and I think I messed up big time. 📉
Replies
Wait, I just saw that headline about Bithumb delaying their IPO. That sounds like bad news for crypto in general, right? Maybe that's why ETHUSD is crashing so hard. If the big exchanges are having problems, it makes me even more nervous about my position. I'm thinking maybe I should just close it even if it's a loss. I don't want to lose more money. I saw somewhere that the US is also doing something with crypto for 401k plans, but that doesn't seem to be helping ETHUSD at all right now. It's just straight down. What if it keeps going to 2000 or lower??
Hey @justin7871, I totally get how you feel. It's super stressful when you're starting out and your first big trade is going south. I'm watching this ETHUSD price action too and it's a bit nerve-wracking. It looks like it could be a bull trap right now, you know? Like it went up a bit to make people think it's recovering, but then it just starts dropping again. That level around 2075 that @RyanAnderson mentioned? If it can't break that cleanly and stays stuck below it, it might just be setting up for another drop. I'm not sure if selling now is the right move or not, but I'm definitely not feeling too confident about it going up much higher very soon. I'm keeping a close eye on it before I decide anything. 🤔