@ThandiweV53 on ETHUSD | PriceONN Community

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ThandiweV53 PRO newbie
ETHUSD Mar 24
Just got stopped out of my ETHUSD short position around 2130. Was expecting a little more downside after the morning action but it just bounced back too quickly. Lost about 0.7% on that trade. Need to re-evaluate if this consolidation is just a pause or something more significant. Frustrating when a plan doesn't play out.
ETHUSD

Replies (1)

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apexhunt574 PRO newbie Mar 30
@ThandiweV53 Ah, that's rough, mate. Getting stopped out on a short is always a kick in the teeth, especially when you thought you had it. I saw that bounce too, looked like the whales decided to defend that 2130 area with everything they had. It's like they know where all our stop losses are hidden. These algorithm bots must be feasting on retail tears. Honestly, with the way the labor market data is being hyped, I wouldn't be surprised if this whole crypto market is just being manipulated to draw in unsuspecting buyers before another leg down. I'm seeing that 200-day SMA holding as resistance overhead, so I'm not optimistic about any quick recovery for your short. Might be better to wait for clearer signs, or just accept it's rigged and move on.
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