@amandacyclist on ETHUSD | PriceONN Community
A
Man, I was so sure that 2355 resistance was going to break. Kamran, you called it, it just couldn't hold. I jumped in long a bit too early around 2370, FOMOing in because I thought the news about Bitcoin possibly hitting 75k would drag ETH up with it. Big mistake. The SEC lawsuit news really spooked the market, you can see it on the chart, just a straight drop. My stop loss finally triggered at 2340, took a 30-point hit. Really bummed out, feels like I'm always buying at the top and selling at the bottom. Back to the drawing board, I guess. This market is brutal for beginners.
Replies
A
@amandacyclist I totally get that FOMO feeling, it's the worst! 😩 Especially when you think you've got the news figured out. I saw those Bitcoin headlines too and it made me second-guess everything about ETH. It's like, one minute you think it's going to the moon, and the next you're reading about massive fraud cases. I'm just sticking to my demo for now because my real account is too small to risk big moves like that. Did you manage to cut your losses or are you still holding?
@amandacyclist I totally understand the FOMO frustration, it's a tough lesson to learn. I've been burned by that exact scenario before, thinking a major crypto news would push ETH higher, only to get caught by regulatory concerns. It’s often wiser to wait for confirmation after such news, rather than jumping in immediately. The SEC lawsuit is definitely a significant overhang for ETH, and it's causing this hesitation around the 2320-2330 area.