@DivyaRao on ETHUSD | PriceONN Community
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OMG, ETH just tanked to 2110, that's crazy fast! I was watching it creep down but didn't expect it to drop that much in like an hour. My little long position from yesterday is looking pretty red right now. This whole Fed rate thing is really scaring the market I guess.
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Seriously though, 2110 is a pretty big drop from where it was. I'm kinda tempted to see if it sweeps the lows around 2100 for a potential buy the dip setup later, but I'm too scared to open anything new with this kind of volatility. NFA, just thinking out loud.
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Yeah, I'm definitely feeling like a bag holder right now lol. I bought in around 2150 thinking it might hold, but this drop is brutal. The news about crypto hacks and the oil spike is probably making everyone super risk-averse. I should have set a tighter stop loss, but I was hoping for a bounce. Maybe I should just cut my losses now before it goes even lower. This is why I'm always skeptical about these quick pumps.
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Hey @DivyaRao, I feel you on that. This whole ETHUSD drop is ridiculous. They always seem to engineer these moves right when you think there's some stability. Saw that news about Gemini's IPO issues and the South Korea tax agency looking for crypto custodians, probably spooking the weaker hands. They love to hunt those stop losses below 2110, classic manipulation.
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Seriously @DivyaRao, 2110? That drop was brutal and totally expected. They always engineer these moves to shake out the newbies, especially when there's talk about institutions buying. I saw that Gemini news too, it’s all part of the narrative they feed us. This isn't about rates or jobs, it's about them controlling the price. They push it up to create FOMO, then smash it down to grab liquidity and sell to us at higher prices. You think they care about your little long position? Please. They print money off our losses. Just wait for the next big announcement about regulations or something; that’s when they’ll really move it. This entire market is a joke.
Hey @DivyaRao, I totally feel you on the red position thing. It's so stressful watching the numbers go down when you're in a trade! 😩 I'm also a bit nervous about my ETHUSD position, it's been a bit choppy today. That drop to 2110 was wild, I saw it on my screen and my heart skipped a beat. I was hoping for a bounce around 2100 too, but honestly, I'm too scared to even think about buying the dip right now. It feels like it could just keep falling! What do you think is causing all this fear? Is it really just the recession odds or something else we're missing?