The Market Just Played Its Favorite Trick 🎭 $ON
Look at that wick on $ON... 😭
A little while ago, I spotted a solid short opportunity. Most of the time, I manage risk through liquidation levels and position sizing rather than tight stop-losses, but I added an SL this time to help keep things "safe" for the group. 🤧
And guess what? Exactly what we feared happened. The market hunted the stop loss with that massive spike to 0.25998 before dumping right back down. 😭🥲
The Lesson: This kind of manipulation is normal. I’m still tracking the move because the logic behind the trade was right, but the "market makers" cleared the board first.
Since I see a lot of people struggling with greed and impatience when these wicks happen, I’m thinking of doing a deep dive on:
Proper Risk Management 🛡️
How to size positions based on your portfolio 📊
Why "Stop Loss Hunting" happens 🔍
Do you guys want me to explain how to survive these manipulations? Let me know below! 👇 $ON 👀