Little before 4pm EST, ETH had a flash crash filling orders around $10. Some even claim it dropped to a few cents. Making some people wealthy and others in shock. Moments later it bounced back to the $300s.
My Trade
I recently scaled in with 1/3 increments at $318, $310, and $308. With no real fundamental reason for the drop in price, I feel like it will go back to the high $300 levels within a few days/weeks. My target is $375, where I will take off some profits around $350. I will probably put in a few limit-orders in case another "flash crash" happens again lol.
Do you think it will go back to the high $300s soon? Thoughts? Did I miss something? Comment below! I'm always trying to learn.
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DISCLAIMER: I am not a trading professional, please do your own research and trade at your own risk
