OMG BTCUSD just dropped so fast!! I was watching the price go up and up and then suddenly it tanked. I think I bought near the top. What is happening? Is it going to crash now?
Hey @miqbal997, don't sweat it too much. Price action can be choppy during the Asian session, often looking for liquidity grabs. The 20 and 50 SMAs are super close here, forming a tight range. If you bought near the top, just set a tight stop loss and see if it can bounce back towards the 67k level.