Good Morning. Something I have experienced lately, I have seen in other markets, ETF, Stocks... right before a big move there is a big move in the opposite direction. I watch the level 2 and you see all the stops pop on all the people in holding waiting for the move.
This could be several things, but heres the crypto curse, anyone with 20million can do whatever they wish, the market is to small. But for the sake of fairness, lets say its a market factor...The way to prevent stopping out is reduce your lot size and widen your stops. This is a very aggresive market and small players are being tapped out every minute. I don't think a small account should trade crypto at all. the obvious single move fall of price is a meat grinder. Only large accounts willing to accept alot of risk will prevail. With Galileo this is a problem. You would eat all your account in just a few of these major swing moves. So take small profits, increase polarity/contrary signals and watch how these new things effect your trading. I want everyone to succeed. I have my own struggles so I'm avoiding crypto until I have a larger account and can withstand a 10% instant price change..